Adani Transmission Ltd said it obtained shareholder permission to issue 1.56 crore shares worth Rs 3,850 crore to Green Transmission Investment Holding RSC Ltd on a preferential basis.
Green Transmission Investment Holding RSC Ltd’s primary stakeholder is now IHC Capital Holding LLC.
According to a regulatory filing, shareholders authorised the issuing of equity shares on a preferential basis to Green Transmission Investment Holding RSC Ltd during an extra-ordinary general meeting.
In a separate filing, the business said it signed a share subscription agreement with Green Transmission Investment Holding RSC for the issue and preferential allocation of 1,56,82,600 equity shares having a face value of Rs 10 each to the investor.
