New Delhi, November 14 (Language) Adani Energy Solutions (formerly Adani Transmission) is planning to raise $ 360 million (about Rs 3,000 crore) by issuing bonds through private placement.
“…we are planning a private placement of transmission assets worth $360 million,” Adani Energy Solutions Chief Financial Officer (CFO) Rohit Soni said during an investor call. These have been commissioned in the last three to four years.
He further said that the company is currently working on whether it can raise $360 million through bonds early next year.
He also told that paperwork is still going on on this.
Sony also told analysts about the company’s plan to raise another $1 billion. “We are looking at a plan to raise $1 billion, so we are still working on that,” he said.
In May this year, the company’s board of directors had approved raising funds by issuing equity up to Rs 8,500 crore through qualified institutional placement or any other approved means.
Language Rajesh Rajesh Ajay