Indian billionaire Gautam Adani’s renewable energy company, Adani Green Energy Ltd., has received board approval to raise an impressive 93.5 billion rupees ($1.12 billion) through the issuance of share warrants to its founders.
This strategic move comes as the company prepares for bond repayments and seeks to fuel its ambitious growth plans.
According to an exchange filing, Adani Green Energy plans to issue 63.1 million warrants at a price of 1,480.75 rupees each.
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