
Hitachi Energy India Limited, in its Board meeting held on January 18, 2025, approved a proposal to raise funds up to INR 4,200 Crores.
The company plans to issue equity shares or other securities, including convertible debentures, warrants, and preference shares, via public issue, rights issue, preferential allotment, private placement, or Qualified Institutions Placements (QIPs), in one or more tranches. The proposed capital raise is subject to regulatory approvals and shareholder consent, which will be sought through a postal ballot exercise.
Key Details:
- Fundraising Modes: The company plans to explore public issue, rights issue, preferential allotment, private placement, or Qualified Institutions Placement (QIP), among other options, in one or more tranches.
- Shareholder Approval: Shareholder consent will be sought through a postal ballot process, with details to follow in a formal notice.
- Meeting Details: The Board meeting commenced at 13:30 IST and concluded at 14:28 IST.