KPI Green Energy on May 13 stated its board has authorized a proposal to raise up to ₹1,000 crore via issuance of shares through certified institutional placement.
This is topic to approval from shareholders, in accordance to a regulatory submitting.
The board has authorized the “raising of funds through the issuance of equity shares or any other equity-linked securities or other securities convertible into or exchangeable for shares by way of QIPs (including one or more qualified institutional placements in tranches) in one or more of the tranches for an aggregate amount up to Rs 1,000 crore.”
Based in Gujarat, KPI Green Energy Limited (previously generally known as Ok.P.I. Global Infrastructure Limited), is a number one renewable energy producing firm.
