The proposal is subject to the necessary regulatory and statutory approvals, as well as the approval of the company's shareholders.
AESL has been actively raising funds through various financial instruments. Last year in May, Adani Enterprises, the flagship company of the Adani group, raised Rs 12,500 crore through a Qualified Institutional Placement (QIP).
Additionally, Adani Energy Solutions Limited (AESL) is reportedly planning to raise up to $600 million to fund smart meter projects in electricity. The company is in talks with a group of global lenders for a foreign currency loan, which could have a tenor ranging from three to five years.
These fund-raising efforts are part of the company's strategy to finance its expansion and ongoing projects in the energy sector.
Last week, Adani Energy Solutions Limited (AESL) through its wholly owned subsidiary Adani Transmission Step-Two Limited (ATSTL) completed acquisition (100% Stake) of Essar Transco Limited, which houses operational Mahan-Sipat transmission assets for an Enterprise Value of INR 1,900 crores.
Adani Energy Solutions Limited (AESL), formerly known as Adani Transmission Ltd, is a significant player in the power transmission sector in India. The company has expanded its portfolio to include a variety of energy solutions, such as High Voltage Direct Current (HVDC) systems, solar energy projects, and smart metering.
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