Adani Transmission ltd on Thursday said it will seek shareholders’ nod to raise up to Rs 8,500 crore by issuing equity shares and convertible bonds through QIP, among others. The board has “accorded approval for seeking approval of the shareholders at the ensuing Annual General Meeting to raise funds by issue of equity shares/convertible bonds through qualified institutional placement(QIP),/GDR/ADR/ FCCBs/FCEB/ convertible securities for an aggregate amount up to Rs 8,500 crore,” Adani Transmission said in a BSE filing.
It further said the board has also approved seeking shareholders' nod to “issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company in the period of next twelve months through private placement mode.”