Adani Transmission’s board approves plan to raise up to $1 billion – Times of India

New Delhi: Adani Transmission said its board of directors on Saturday approved a plan to raise up to 85 billion rupees ($1.0 billion) from the market.
fund raising plan Adani group companies This comes months after a report from a US-based short-seller Hindenburg Group Investor confidence wavered and the group’s share prices plummeted.
Adani has denied all the allegations while India’s market regulator is also probing Hindenburg’s allegations Adani Related party deals of the group following the Supreme Court directive.
Adani Transmission said in a statement that it plans to raise funds by way of sale of equity shares through qualified institutional placement or other permissible mode.

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