Adani Green Energy's board is all set to meet today, December 26, to consider raising funds through the issuance of securities.
The board will consider a proposal for raising capital by way of the issue of equity shares, convertible securities, and or any other eligible securities, on a right or preferential basis or any other permissible mode and or combination thereof.
The fund mobilisation will be subject to regulatory approvals, the Adani Group firm said in a filing to the stock exchanges on Wednesday.
According to the company's Code of Conduct for prohibition of insider trading, the trading window will remain closed with effect from December 21 till 48 hours after the closure of the meeting to be held on December 26, Adani Green Energy informed the bourses.
Earlier this month, Adani Green Energy garnered $1.36 billion from a consortium of eight international banks to boost its construction financing pool to $3 billion. This was one of the largest project financing deals in Asia.
The green loan facility will assist in developing the world’s largest renewable energy park at Khavda in Gujarat.
Adani Green Energy reported a staggering 72% jump in cash profit at ₹1,031 crore during the July-September quarter, up from ₹600 crore in the corresponding previous period.
The renewable energy's consolidated net profit was at ₹371 crore in the second quarter, up 149% from ₹149 crore in the year-ago period.
Adani Green shares ended 0.55% higher at Rs 1,527.85 apiece during the previous trade session on Friday, December 22.
First Published: Dec 21, 2023 11:22 AM IST
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