Adani Gr to raise up to Rs6k-cr

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Adani Enterprises, the flagship company of the Adani Group, on Tuesday said it plans to raise up to Rs6,000 crore through issuance of securities to sustain rapid business growth. The Gautam Adani-led company also aims to raise its borrowing limit to up to Rs12,000 crore to keep pace with the expanding business operations. Adani Enterprises will approach its shareholders with these resolutions later this month at the company’s AGM. “The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long-term resources, if necessary in order to sustain rapid growth in the business, for business expansion and to improve the financial leveraging strength of the company,” it said in a BSE filing.

Daily Pioneer
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