Adani Transmission raises $90 million on private placement basis

Adani Transmission Limited (ATL) has raised $90 million on a private placement basis to cater to the growing demand for power by expanding its transmission network. The $90 million US-denominated fund has been raised by ATL’s six wholly owned subsidiaries as part of its $400 million fundraising plan. With this round of placement, ATL now has 30-year, 10-year and 17-year papers in the market.