In a regulatory filing to the bourses on Wednesday, the company said it will be considering raising funds by way of issuance of equity shares or other eligible securities through a private placement.
The group s renewable-energy arm Adani Green Energy also announced that it will look to raise funds after approval of the proposal in its board meeting to be held on May 13, Saturday.
A Financial Times report claimed “offshore companies linked to the Adanis” invested at least $2.6 billion in the group between 2017 and 2022. Adani had also called off the Rs 20,000 crore FPO which a Forbes report had claimed was bought into by the group.