Wednesday, 4 May 2016

Latest Equity News: Adani Power Board Approves Raising Equity/Bonds

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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