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Adani Green Energy shares tumble 13% despite $409-mn fundraising via bonds

Adani Green Energy shares gain as promoters to infuse Rs 9,350 crore

Shares of Adani Green Energy Ltd gained over 6% intraday after the Adani Group's firm said its board of directors has approved a preferential issuance of warrants to the promoters of the company for a quantum of Rs 9,350 crore (equivalent to $1,125 million). The warrants will be issued at price of Rs 1,480.75/share. Adani Green Energy shares zoomed 6.26% to Rs 1630 against the previous close of Rs 1533.95 on BSE. Market cap of Adani Green Energy stood at Rs 2.56 lakh crore. Total 4.22 lakh shares changed hands amounting to a turnover of Rs 66.74 crore. Later, the stock closed 5.54% higher at Rs 1618.90 on BSE.

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