Adani Transmission gets shareholders’ approval to raise up to Rs 85 billion

Adani Transmission Limited has received shareholders’ approval to raise up to Rs 85 billion through issuance of equity shares on qualified institutional placement basis.

The company had sought shareholders’ approval through postal ballot to raise up to Rs 85 billion by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors on May 15, 2023.