Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Adani Transmission seeks shareholders' nod to raise Rs 5,000 crore

The approval will be sought in the company's annual general meeting on August 8.

Jul 17, 2019, 09.13 PM IST
Getty Images
New Delhi: Adani Transmission on Wednesday said it will seek shareholders' approval on August 8 to raise Rs 5,000 crore through the issuance of equity shares, securities and other instruments.

The company will raise the fund in one or more currencies and in one or more tranches, Adani Transmission said in a BSE filing.

The approval will be sought in the company's annual general meeting on August 8.

The company seeks the enabling authorisation of the members to the board of directors to raise funds to the extent of Rs 5,000 crore or its equivalent in any one or more currencies, in one or more tranches by way of issuance of equity shares or any instruments or securities, including global depository receipts or American depository receipts, or convertible preference shares or convertible debentures, the company's notice for the AGM said.

Also Read

Promoters may ‘Give Way’ to controlling shareholders

Shareholders of UTI AMC to pare stake via IPO

Sebi exempts govt from open offer to Canara Bank shareholders

CIAL to give out 27% dividend to shareholders

London Stock Exchange shareholders bless $27 billion Refinitiv deal

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service