In today’s briefing:
- Adani Enterprises, Green Energy, Transmission Boards to Consider Equity Raises
Adani Enterprises, Green Energy, Transmission Boards to Consider Equity Raises
- Late Wednesday, the boards of Adani Enterprises, Adani Green Energy, and Adani Transmission announced they would meet Saturday to consider fund-raising proposals.
- They will consider issuance of equity shares or other eligible securities through a private placement, a qualified institutions placement, or a preferential issue, among other methods.
- Earnings just out were generally good/up. They still need/want to raise equity. SEBI is still conducting its investigation but hints are there’s trouble. A set of private placements looks likelier.
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