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Wednesday, September 25, 2024
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HomeEconomyIndia's Adani Green to raise $1.12 billion to expand renewable capacity

India’s Adani Green to raise $1.12 billion to expand renewable capacity

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BENGALURU (Reuters) – India’s Adani Green Energy on Tuesday said its key shareholders will invest 93.50 billion rupees ($1.12 billion) in the company to expand its renewable power capacity.

The company will issue up to 63.1 million warrants on a preferential basis, at an issue price of 1,481 rupees per share.

($1 = 83.1800 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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