Adani Power Ltd is currently trading at Rs. 32.4, up by Rs.
0.7 or 2.21% from its previous closing of Rs. 31.7 on the BSE. The stock is
currently trading above its 50 DMA.
Expert Advice on Equity
Adani Power Ltd has announced that
in continuation of Outcome of Board Meeting dated May 03, 2016, the Board has
also accorded approval for looking 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 /
FCEBs / Convertible Securities for an aggregate sum upto Rs. 10,000 Crores and to
issue Secured / Unsecured Redeemable Non-Convertible Debentures on private
placement basis within the overall borrowing limits of the Company.
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