Adani Transmission Limited has sought shareholders’ approval to raise up to Rs 85 billion .
The board of directors of the company has approved the proposal of raising of funds by way of issuance of equity shares having face value of Rs 10 each and/or other eligible securities or an equivalent amount thereof by way of qualified institutional placement or other permissible mode in accordance with the applicable laws, subject to the receipt of the necessary approvals. The company anticipates growth opportunities in its existing operations and continues to evaluate various avenues for organic expansion and achieving inorganic growth. Towards this, the company continues to require capital for achieving such growth and expansion.