Adani Green Energy is ready to approach its board of directors to raise an investment ranging from Rs 6,150 crore ($750 million) to Rs 8,200 crore ($1 billion), a report published in The Economic Times (ET) said. The report said that the sum would be raised through the qualified institutional placement (QIP) route.
Previously, on May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively.