KPI Green Energy’s board approves a plan to raise up to Rs 1,000 crore. – EQ

In Short – The board of KPI Green Energy has approved a plan to raise up to Rs 1,000 crore. This decision marks a significant step for the company as it seeks to enhance its financial resources for future projects and growth initiatives. The raised funds will likely be used to expand operations, invest in new technologies, and improve overall infrastructure. This move demonstrates KPI Green Energy’s commitment to strengthening its market position and driving sustainable growth in the energy sector.

In  Detail – KPI Green Energy on Monday said its board has approved a proposal to raise up to Rs 1,000 crore through issuance of shares via qualified institutional placement. This is subject to approval from shareholders, according to a regulatory filing. he board has approved 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 (formerly known as K.P.I.