Board Meeting22 Jul 2026, 01:59 pm
Adani Power Board Approves ₹15,000 Cr QIP, ₹1 Lakh Cr Borrowing Limit
AI Summary
Adani Power's Board of Directors met on July 22, 2026, approving the unaudited financial results for Q1 FY27 (standalone and consolidated). The board also greenlit a Qualified Institutions Placement (QIP) to raise up to ₹15,000 crore through equity shares or other securities. Additionally, borrowing limits were proposed to be increased from ₹75,000 crore to ₹1,00,000 crore. An Extra-Ordinary General Meeting (EGM) is scheduled for August 14, 2026, to seek shareholder approval for these proposals.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- Approved raising up to ₹15,000 crore via QIP.
- Proposed increasing borrowing limits to ₹1,00,000 crore.
- EGM scheduled for August 14, 2026, for approvals.
- Fundraising subject to shareholder and regulatory approvals.
Price Impact
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