Adani Transmission said growth opportunities are emerging in its existing operations.
New Delhi:
Adani Group Stocks: Adani eyes to create exposure up to Rs 8,500 crore by issuing equity through Qualified Institutional Participation (QIP). According to the information given to the Bombay Stock Exchange (BSE) in the stock market, the company has committed to issue certificates up to Rs 8,500 crore by issuing equity shares on QIP basis or other qualifying standards.
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Ltd. (Adani Transmission) board recently proposed an offer of Rs 8,500 crore through Qualified Institutional Shares (QIP). The proposal to fund the fund by issue of Rs 10 per cent direct equity equity shares or relevant securities was given at the meeting of the Board of Directors of the company held on May 13, 2023. After which other regulatory closure including the shareholders of the company could be taken.
Adani said it sees opportunities for success in the ongoing work. The company is looking at growth opportunities through new projects and mergers and expansions.
Let us tell you that the board of Adani Enterprises, the flagship company of Adani Group (Adani Group), has also alerted Rs 12,500 crore through Qualified Institutional Shares (QIP). For this, the permission of the regulator etc. shareholders etc. is now taken.
In this way, these two companies of Adani Group are going to a total of Rs 21,000 crore through Qualified Institutional Group (QIP).
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