The Adani group will raise ₹5,000-6,000 crore through stake sales in some of its subsidiaries.
The Adani family, through trusts and other entities, holds a controlling interest in various entities, including Adani Enterprises Ltd, Adani Ports and SEZ Ltd, Adani Power Ltd, Adani Transmission Ltd and Adani Green Energy Ltd.
“The proceeds from the equity issuances shall be utilised towards strengthening the balance sheet position of group companies including de-leveraging the power business and to part fund the proposed acquisition of integrated business of generation, transmission and distribution of power for Mumbai City,” said a statement.