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Get latest articles and stories on Latest News at LatestLY. Adani Energy Solutions will seek shareholders' approval to raise Rs 12,500 crore in its annual general meeting on June 25. Latest News | Adani Energy Solutions Seeks Shareholders' Nod to Raise Rs 12,500 Cr Via Equity Shares. ....
Adani Energy Solutions will seek shareholders' approval to raise Rs 12,500 crore through qualified institutions placement (QIP) in its annual general meeting on June 25. The funds will be used for business expansion and portfolio enhancement. The company also plans to appoint a director in place of Gautam Adani. ....
Adani Energy Solutions Q3 Results: This Adani group company reported a 27.2% YoY decline in consolidated net profit to Rs 348 crore for the quarter ended December. However, revenue from operations rose nearly 19% YoY to Rs 3,615 crore. The revenue growth was boosted by newly commissioned transmission lines and a rise in energy consumption in the Mumbai distribution business. The company s consolidated operational EBITDA grew by 10.4% to Rs 1,454 crore. Adani Energy Solutions is excited about opportunities in all lines of business, including the smart metering segment. ....