Adani Power raises funds to expand its business

According to the Economic Times, Adani Power plans to raise capital through a portfolio of debt and equity to increase capital to sustain growth and fund
its business expansion plans.

The company proposes the flexibility to inject additional capital, leverage capital markets and raise additional long-term resources when necessary to sustain business growth, business expansion and improve the company's financial leverage efficiency
.

Adani Power has sought approval from its shareholders to raise capital in one or more segments and plans to raise funds
through the issuance of corporate equity and/or securities including GDR/ADR/convertible preferred shares/convertible bonds, non-convertible bonds and warrants, among others.

Adani Power also said that "the proposed resolution requires members to authorize the board to raise funds
in one or more currencies in one or more batches.
" ”

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