This will take the total funds raised by the company to $3 billion after it raised debt worth $1.4 billion earlier this month.
The board of Adani Green Energy has approved the issuance of warrants worth ₹9,350 crore on a preferential basis to the promoter, the company said in an exchange filing.
The warrants will be issued to the promoter group at a price of ₹1,480.75 per warrant.
Adani Green will utilise the funds to deleverage its balance sheet, and accelerate growth capex to achieve its 45 GW capacity aim by 2030.
The total fund infusion of $1.4 billion, will also include a $300 million infusion from the TotalEnergies JV.
This will take the total funds raised by the company to $3 billion after it raised debt worth $1.4 billion earlier this month.
Shares of Adani Green Energy are currently at the day’s high, currently trading 4.4% higher at ₹1,600.