Mumbai, June 26 : Adani Power, on Friday, said it had got the shareholders nod to raise upto Rs 2500 crore in one or more tranches to sustain business growth and finance expansion plans.
In an exchange filing, the power company said it had sought approval of the shareholders at its Annual General Meeting on Thursday.
All the resolutions were passed at the AGM with requisite majority, Adani Power said.
One of the resolutions sought approval of board members to raise funds to the tune of Rs 2500 crore or its equivalent in any one or more currencies in one or more tranches, in such form, on such terms, in such a manner, at such price and at such time as may be considered appropriate by the Board, it said.
The shareholders also approved a proposal to have flexibility to infuse additional capital to tap the capital markets and to raise additional long term resources.
The shareholders also approved raising of funds through issuance of equity shares or instruments or securities, including global depository receipts or American Depository Receipts or convertible preference shares or convertible debentures and non-convertible debentures with warrants.
The shareholders also approval a resolution to re-appoint Gautam S Adani as a Director of the company.
The company further got approval to shift its office at Navrangpura in Ahmedabad to another locality Shantigram in the same city.
