Gautam Adani’s company needs 11 thousand crores, know how to raise

Adani Board Proposal: Gautam Adani’s company needs money for its future projects. Therefore, the Adani Group is preparing to raise 11 thousand crores. Earlier, the company had planned to raise five thousand crores through NCD i.e. non -convertible debentures. Now it has been increased from double to 11 thousand crores. To consider this, the board’s board meeting is going to be held on 29 January i.e. Wednesday. On the same day, a decision will be taken after considering this proposal. This amount can also be considered to raise this amount through qualified institutional placement instead of NCD. Apart from this, the second medium of share transfer can also be thought of in a board meeting. This has been told about this in a statement issued by the Adani Group on 26 January.

On October 28, it was decided to raise funds from public issue

The last meeting of the Adani Group was held on 28 October. In this meeting, it was decided to raise funds through public issue. In this, it was considered to raise the public issue private placement and both of them. In the board meeting to be held on January 29, it will be decided that this process will be done in one phase or in two phases. It can also be considered to gather it through equity share or other security. This will depend only on the approval of the share holders. Share holders can also propose to make a decision through preference share about raising equity funds. In the September quarter, the promoters and GQG had increased their stakes in the institutional investor Adani Group.

What is the plan of Adani group

The Adani Group is trying to raise additional money for future expansion projects. This amount can also help for corporate needs. Therefore, the company is considering gathering it through non -convertible development.

Also read:

Soldier’s Financial Security: This planning has been done in the army, there will be no shortage of money after retirement