Adani Group To Raise Rs 5,000-6,000 crore Via Stake Sale In Subsidiaries

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(PTI)

The Gautam Adani-led Adani Group today said it plans to raise Rs 5,000-6,000 crore of equity through a combination of primary issuances and secondary monetisation of its stake in some of its subsidiaries. The Adani Family through trusts and other entities hold controlling interest in entities including Adani Enterprises (AEL), Adani Ports and SEZ (APSEZ), Adani Power (APL), Adani Transmission (ATL) and Adani Green Energy (AGEL). As part of the equity-raising program, the Group sold nearly 4 per cent stake in APSEZ through an on market block trade raising Rs 3,000 crore on June 21 and June 29, 2018, it said in a release.

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