KPI Green Energy has received approval for raising of funds through issuance of equity shares of the Company (‘Equity Shares’) or any other equity linked securities of the Company or other securities convertible into or exchangeable for Equity Shares by way of qualified institutions placement (including one or more qualified institutional placements in tranches) (QIP) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time and other applicable laws, in one or more of the tranches for an aggregate amount up to Rs 1,000 crore at such price or prices as may be permissible under applicable law, subject to necessary approval including the approval of the members of the company by way of a special resolution, and such other permissions, sanctions and statutory approvals, as may be required. The Board of Directors of the company at its meeting held on May 13, 2024 has approved the same.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.
