Adani Enterprises schedules Board Meeting for Fund raising


Adani Enterprises schedules Board Meeting for Fund raising
The flagship entity of Adani Group focusing on various early-stage business, Adani Enterprises Limited announced that the assembly with the board directors of the firm will be conducted on May 28, Tuesday in Ahmedabad. 
The goal of this esteemed meeting will be contemplation and sanction of the proposal of securing funds by means of the way of issuance of equity shares or any other qualified securities via permissible modes. 
Furthermore, the trading board for dealing in securities of the company will be continue to close with the result from the date & time of the allusion till 48 hours, next to the conclusion of the meeting on May 28, Tuesday. The stock rate of the company finished with a raise of 8.01 percent at 3391.20 on the BSE on Thursday. 
In a regulatory filing, the company mentioned, “A meeting of the board of directors of Adani Enterprises limited will be held on Tuesday, May 28, 2024 at Ahmedabad, inter alia, to consider and approve the proposal of raising of funds by way of issuance equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods as may be permitted under applicable laws”.