Adani Group to invest Rs 93.50 billion equity in AGEL

Adani Green Energy Limited’s board of directors has approved a preferential issuance of warrants to its promoters for a quantum of Rs 93.50 billion (equivalent to $1,125 million) at a price of Rs 1,480.75 per share. The issuance is subject to the approval of regulatory and statutory authorities as well as the company’s shareholders.