Stock market today: After the announcement of the board meeting date on 28th October 2024 to consider and approve the ₹5000 crore fundraising proposal, Adani Power shares witnessed strong buying interest during morning deals on Thursday. Adani Power’s share price today opened flat but soon caught bulls’ attention and touched an intraday high of ₹605.95 apiece on the NSE, logging over a 3% rise against the previous day’s close.
Adani Power news
In an exchange filing on Wednesday, Adani Power informed the Indian stock market exchange about the fundraising move saying, “We would like to inform you that the meeting of the Board of Directors of the Company to be held on Monday, 28th October 2024 will inter alia also consider raising funds for a total amount not exceeding INR 5,000 Cr by way of public issue and/or private placement of non-convertible debentures (“NCDs”), which may be issued in one or more tranches, in accordance with applicable law and subject to receipt of requisite regulatory and other approvals.”
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