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Adani to invest Rs 9,350 cr in green energy arm to achieve 45 GW target

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Is Adani Green over-leveraged? - Adani Watch
  1. Gautam Adani and family plan a significant investment of Rs 9,350 crore into Adani Green Energy Ltd (AGEL).
  2. AGEL’s board approved issuing 6.31 crore warrants to promoter group companies at Rs 1,480.75 each, granting them a 3.833% equity stake in the firm.
  3. The investment aims to support AGEL’s green energy expansion and alleviate debt obligations.
  4. The move follows adverse market impacts from allegations of corporate fraud against Adani group companies in 2023.
  5. AGEL already holds substantial Power Purchase Agreements (PPAs) and vast land holdings to expand its renewable energy capacity in India.
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