+
AGEL to raise Rs 12k crore to repay debt, boost capex
POWER & RENEWABLE ENERGY

AGEL to raise Rs 12k crore to repay debt, boost capex

The board of Adani Green Energy (AGEL) cleared plans to raise up to Rs 12,300 crore by way of qualified institutional placements (QIPs) of shares or any other share-sale instrument. The company will use the proceeds to repay debt and expand capacity. Two group companies — Adani Enterprises (AEL) and Adani Transmission — had earlier announced they would raise Rs 21,000 crore via the QIP/share sale route. All QIPs will be launched later this year.

Adani promoter entities, too, are raising funds to prepay debt. American financial powerhouse GQG Partners (GQG), along with other investors, acquired on June 28 via block deals additional shares worth Rs 8,200 crore from the Adani family in the group’s flagship Adani Enterprises and AGEL. Within days, promoter companies sold a 3 per cent stake in Adani Transmission to raise Rs 2,666 crore from GQG and other investors.

The promoter companies had in March raised Rs 15,446 crore by selling shares to GQG. Later that month, GQG bought from the market additional shares worth Rs 3,800 crore in Adani group companies. GQG’s investment led to a revival in Adani Group shares. In June, GQG’s total investment in AEL and AGEL increased to Rs 23,200 crore.

The board of Adani Green Energy (AGEL) cleared plans to raise up to Rs 12,300 crore by way of qualified institutional placements (QIPs) of shares or any other share-sale instrument. The company will use the proceeds to repay debt and expand capacity. Two group companies — Adani Enterprises (AEL) and Adani Transmission — had earlier announced they would raise Rs 21,000 crore via the QIP/share sale route. All QIPs will be launched later this year.Adani promoter entities, too, are raising funds to prepay debt. American financial powerhouse GQG Partners (GQG), along with other investors, acquired on June 28 via block deals additional shares worth Rs 8,200 crore from the Adani family in the group’s flagship Adani Enterprises and AGEL. Within days, promoter companies sold a 3 per cent stake in Adani Transmission to raise Rs 2,666 crore from GQG and other investors.The promoter companies had in March raised Rs 15,446 crore by selling shares to GQG. Later that month, GQG bought from the market additional shares worth Rs 3,800 crore in Adani group companies. GQG’s investment led to a revival in Adani Group shares. In June, GQG’s total investment in AEL and AGEL increased to Rs 23,200 crore.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code