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Adani Green Energy gets nod to raise Rs 12,300 crore

06 Jul 2023 Evaluate

Adani Green Energy has received an approval for raising of funds by way of issuance of such number of equity shares having face value of Rs 10 each of the Company (Equity Shares) and / or other eligible securities or any combination thereof (hereinafter referred to as Securities), for an aggregate amount not exceeding Rs 12,300 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode. The board of directors of the Company at its meeting held on July 06, 2023 has inter-alia approved the same. 

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.


Peers
Company Name CMP
NTPC 329.10
Tata Power 363.30
Adani Power 203.65
Power Grid Corpn. 264.65
Adani Energy Solut. 1361.00
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