(Photo: Bloomberg)
(Photo: Bloomberg)

Adani Power shareholders approve plan to raise 7,000 cr

  • The funds will be raised by issuing equity shares, convertible debentures, bonds or other securities in one or more currencies in various tranches
  • The proposal received 3,24,06,17,608 votes in its favour, accounting for 95.65 per cent of the total votes polled

New Delhi: Adani Power on Friday said its shareholders have approved plan to raise up to 7,000 crore by issuing equity shares, convertible debentures, bonds or other securities in one or more currencies in various tranches.

The proposal received 3,24,06,17,608 votes in its favour, accounting for 95.65 per cent of the total votes polled, Adani Power said in a regulatory filing.

Around 4 per cent of the votes (14,71,39,096) were received against the proposal, it added.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Close