Industry News, Trustworthy Insights

Popular Companies:

Adani Green Energy: Raising Over $1 Billion In Warrants | Deep-Dive

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.

Adani Capital is the non-banking financial company (NBFC) arm of Adani Group and commenced lending operations in April 2017. Photo: Getty Images
Adani Capital is the non-banking financial company (NBFC) arm of Adani Group and commenced lending operations in April 2017. Photo: Getty Images

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.

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]