May 27 (Punjab Khabarnama) : Adani Energy Solutions, the company of Asia’s second richest industrialist Gautam Adani, has decided to raise an amount of up to Rs 12,500 crore i.e. $ 1.5 billion. In the information given to the exchanges, the company said that approval for this has also been received from the Board of Directors.
The company said in the information given to the stock market that it was decided in the board meeting today that this amount of up to Rs 12,500 crore will be raised by issuing equity shares at the face value of Rs 10. The process of raising funds will be through Qualified Institutional Placement (QIP) or other legally valid means. The company said that the final decision is subject to the permission of the shareholders in the Annual General Meeting (AGM) to be held on June 25, 2024. Let us tell you that last week Adani Energy had said that the board may consider raising funds in the meeting to be held on Monday.
Adani Energy Solutions’ share price fell, but a positive news too
Shares of Adani Energy Solutions witnessed a decline on BSE today. Shares of the company closed at Rs 1104 with a decline of 0.17%. During intraday trade its shares had reached a high level of 1133.45.
After the Hindenburg report, there was a huge fall in the shares of all the companies of Adani Group. Adani Energy Solutions was also included in this. But the positive news about the company’s shares is that now its shares are almost reaching the same position as before the Hindenburg Report.
Adani Energy acquires Essar Transco
Recently, on May 16, Adani Energy Solutions completed the acquisition of 100 percent equity shares of Essar Transco Limited. The acquisition includes a fully operational 400 kv, 673 circuit kilometer inter-state ‘transmission line’ connecting Mahan in Madhya Pradesh to Sipat Pooling Substation in Chhattisgarh.