9 April 2024 – Adani Green Energy Ltd is reportedly exploring the possibility of raising $400 million through an offshore loan, according to a report by Bloomberg news. However, Business Today has not yet independently verified this information.
Adani Green Energy Ltd is contemplating a strategic move to secure a $400 million offshore loan, as reported by Bloomberg news on Tuesday. This potential financing initiative aims to bolster the company’s financial position and support its ongoing growth endeavors. While details regarding the terms and conditions of the loan are yet to be disclosed, this development underscores Adani Green’s proactive approach towards securing external funding for its operations.
Meanwhile, on the stock market front, Adani Green shares witnessed marginal movement, trading slightly lower at Rs 1,919.75. Despite the news of the potential offshore loan, the stock’s performance remains relatively stable, reflecting the market’s cautious sentiment.
In a separate development, both the BSE and NSE have placed Adani Green’s securities under the long-term Additional Surveillance Measure (ASM) framework. This regulatory action aims to alert investors about potential high volatility in the stock’s price movements. The ASM framework is designed to enhance market surveillance and ensure investor protection amidst fluctuating market conditions.
