Adani Green Founders to Invest Rs 9,350 Crore Via Share Warrants
NDTV
Adani Green Energy Ltd.'s board approved the plan to issue 63.1 million warrants at Rs 1,480.75, according to an exchange filing Tuesday, confirming an earlier Bloomberg News report.
Billionaire Gautam Adani's renewable energy unit got board approval to raise as much as Rs 93.5 billion ($1.12 billion) by issuing share warrants to its founders as the company charts ambitious growth plans and braces for bond repayments next year.
Adani Green Energy Ltd.'s board approved the plan to issue 63.1 million warrants at Rs 1,480.75, according to an exchange filing Tuesday, confirming an earlier Bloomberg News report. The funds will be utilized for deleveraging and accelerated growth spends.
The first-generation entrepreneur and his family plan to inject $1 billion into Adani Green via preferential shares while the company is planning to raise at least $2 billion in mostly new debt next year, Bloomberg News reported last week citing people familiar with the internal discussions.
Fahad Ahmed, a candidate of the Sharad Pawar-led NCP faction, is currently trailing Sana Malik, nominee of Ajit Pawar's NCP, by over 3,000 votes and the counting is nearing completion.
The BJP-led Mahayuti alliance, which includes the Shinde Sena and Ajit Pawar's NCP, is en route to a thumping win in the 2024 Maharashtra Assembly election, thanks to its two smaller allies.
The Shiv Sena (Uddhav Balasaheb Thackeray) leader said the results are not acceptable to his party and the opposition Maha Vikas Aghadi coalition.
The Adani Group said that none of its 11 public companies are implicated or accused of any wrongdoing.
The MVA had only been given a (very) slim chance of upsetting the in-power BJP-led alliance's applecart in this election; only one of 11 exit polls studied by NDTV believed it can win.
The first phase saw voting in 43 constituencies, while the second phase saw 38 seats up for grabs. Chief Minister Hemant Soren's Jharkhand Mukti Morcha (JMM), leading the ruling INDIA alliance, faces a fierce challenge from the BJP-led NDA.
Assembly Election Results 2024: Maharashtra's 288 voted Wednesday in a single phase, and an average of 11 exit polls gives the ruling Mahayuti 155 seats.
Bypoll Assembly Election Results 2024 Live: Bypolls were held on 48 assembly seats in 14 states including Uttar Pradesh, Madhya Pradesh, Punjab and West Bengal.
During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment.
The DMK MPs held a meeting today to discuss what they called the BJP-led Centre's betrayal of the state and its people
Meanwhile, Kamlochan Kashyap, DIG South Bastar said a joint operation has been planned after getting information about the movement of a group of Maoists in the area.