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Adani Green Energy rises on planning to raise funds through various means

Adani Green Energy is currently trading at Rs. 38.75, up by 0.50 points or 1.31% from its previous closing of Rs. 38.25 on the BSE.

The scrip opened at Rs. 38.20 and has touched a high and low of Rs. 39.00 and Rs. 37.60 respectively. So far 30318 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 77.60 on 07-Aug-2018 and a 52 week low of Rs. 22.75 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 43.60 and Rs. 37.60 respectively. The current market cap of the company is Rs. 6052.74 crore.

The promoters holding in the company stood at 86.50%, while Institutions and Non-Institutions held 10.50% and 3.00% respectively.

Adani Green Energy is planning to raise funds by issue of Equity Shares / Convertible Bonds through Qualified Institutional Placement (QIP) / Global Depositary Receipt (GDR) / American depositary receipt (ADR) / Foreign currency convertible bonds (FCCBs) / Foreign Currency Exchangeable Bonds (FCEBs) / Convertible Securities. The Board of Directors of the Company at its meeting to be held on May 15, 2019 to consider the same.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

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