New Delhi, December 26
Billionaire Gautam Adani and his family will infuse Rs 9,350 crore into Adani Green Energy Ltd (AGEL) to enable it to meet its debt obligations and achieve a 45 GW target by 2030, according to a company filing.
The investment “will be used for deleveraging and accelerated capital expenditure”. AGEL has bond maturities worth about Rs 10,000 crore coming up next year. The investment will be by issuance of 6.31 crore warrants at Rs 1,480.75 apiece to promoter group companies — Ardour Investment Holding and Adani Properties. The investment would give these companies 3.833% equity stake in AGEL.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Lok Sabha election: After women wrestlers' protests, BJP drops 6-time MP Brij Bhushan Singh from UP’s Kaiserganj; fields his son
UP minister and Legislative Council Member Dinesh Pratap Sin...
US President Joe Biden calls India, China, Russia and Japan ‘xenophobic’ nations
Biden’s remarks came three weeks after he had hosted Japanes...
Stop registering voters for beneficiary schemes under guise of surveys: Election Commission to political parties
Poll body issues advisory to all national and state politica...
'Part of Indian territory': India lodges protest with China over construction activities in Shaksgam Valley
Shaksgam valley is a strategically key region that is part o...
Religious freedom: US body red-cards India, pussyfoots around Israel
USCIRF a biased organisation, publishes propaganda masquerad...
