Adani Transmission rises on getting nod from shareholders to raise up to Rs 8,500 crore
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Adani Transmission is currently trading at Rs. 810.80, up by 4.05 points or 0.50% from its previous closing of Rs. 806.75 on the BSE.
The scrip opened at Rs. 816.30 and has touched a high and low of Rs. 816.35 and Rs. 805.15 respectively. So far 93639 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4238.55 on 16-Sep-2022 and a 52 week low of Rs. 630.00 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 839.00 and Rs. 796.00 respectively. The current market cap of the company is Rs. 90321.44 crore.
The promoters holding in the company stood at 71.65%, while Institutions and Non-Institutions held 24.84% and 3.51% respectively.
Adani Transmission has received shareholders' approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company had sought shareholders' approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors on May 15, 2023. The company's board had approved the proposal at a meeting on May 13, 2023.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
