Adani Green Energy Limited has announced that a meeting of its board of directors will take place on July 6, 2023, in Ahmedabad.
The purpose of the meeting is to discuss and approve a proposal for raising funds through the issuance of equity shares or other eligible securities.
The company intends to utilize permissible modes such as private placement, qualified institutions placement, preferential issue, or any other method permitted under applicable laws. The proposal is subject to regulatory and statutory approvals, as well as the approval of the company’s shareholders.
Adani Green Energy Limited has requested stakeholders to acknowledge and consider this information as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move highlights the company’s efforts to secure additional funding for its renewable energy projects and supports its growth strategy in the renewable energy sector.