Adani Transmission gets nod for Rs 3,850 crore investment

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.

 

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