Adani Transmission receives approval from shareholders to raise Rs 8,500 billion

Adani Transmission receives approval from shareholders to issue equity shares on a qualified institutional placement basis in order to raise up to Rs 8,500 crore. The company has requested approval from its shareholders via a postal vote to issue equity shares to eligible investors on May 15, 2023, in order to fund up to Rs 8,500 crore through a qualified institutional placement.