Adani Transmission gets shareholders' nod to raise ₹8,500 cr

Adani Transmission gets shareholders' nod to raise ₹8,500 cr

• By Staff Writer

Adani Transmission has received shareholders' approval to raise up to ₹8,500 crore through the issuance of equity shares on a qualified institutional placement basis. A postal ballot was conducted by the company in which it secured 98.64% votes in favour of the raise, as per a BSE filing. The company's board already approved the proposal in a meeting last month.