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Adani Ent and Adani Green are likely to raise funds through a preferential issuance

Adani Enterprises and Adani Green, the board will meet on April 8 to consider fundraising. The two companies informed exchanges on Tuesday that the board of directors of both companies will meet to consider a fundraising proposal.

In terms of what that fundraising might look like, who the possible investors might be with respect to that particular process, CNBC-TV18 has learned that Adani Enterprises is likely to raise those funds through a preferential issuance. . This preferential issue should be made to a consortium of sovereign wealth funds and Total SA.

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Adani Enterprises has also received interest from a fund like Abu Dhabi Investment Authority (ADIA) as well as the Qatar Sovereign Fund. The significant amount of this preferential issue could be between 400 and 600 million dollars.

Regarding the funds and the use of these funds – these funds are likely to be used for the expansion of their airport activities and then towards Adani New Industries, which would be towards green energy activities and green hydrogen.

Watch CNBC-TV18’s Yash Jain accompanying video for more details.

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