Adani Enterprises on Tuesday said that the meeting of the Board of Directors of the company will be held on Friday, November 25, 2022, to consider and approve the proposal to raise funds.
The company has said in its regulatory filing that the funds will be raised through public offering or preferential allotment issue including QIP.
“A meeting of the Board of Directors of Adani Enterprises Limited (the “Company”) will be held at Ahmedabad on Friday, the 25th November, 2022 to, inter alia, consider and approve a proposal to raise funds by way of further public offering for, preferential allotment (through a qualified institution placement or any other permitted mode) and/or combination thereof as may be considered appropriate by way of issue of equity shares or any other eligible securities, subject to all such regulatory/statutory approvals may be subject to the approval of the shareholders of the company including necessary,” Adani Enterprises the filing said.
As per reports, the share issue could be worth at least $1.8 billion and could be launched in 2023.
group run by billionaire Gautam Adani, Which has laid out a mega investment plan of up to $70 billion over the next 10 years to build and acquire renewable assets.
Adani Enterprises‘ rose to net profit 461 crore in the second quarter of the financial year 2022-23 (Q2 FY23). Net profit climbed 217 per cent year-on-year (YoY), as it stood 212 crore in the corresponding quarter of the previous year.
stood on revenue from operations 38,175 crore, in Q2 FY23, which is almost triple as compared to 13,218 crore in the year-ago period.
Company’s EBITDA came 1,869 crore in the September quarter as against Rs. 883 crore was recorded in the second quarter of the last financial year.
Shares of Adani Enterprises have gained nearly 136% so far this year. The company’s stock closed with a gain of 0.86 percent. 4,035.60 on BSE.
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