Adani Green surges 9%, hits new high ahead of board meet for fund raising

The board of directors of the company is scheduled to meet today to consider and approve the proposal for raising of funds by way of a rights issue, preferential allotment, including a QIP.

Shares of Adani Green Energy hit a new all-time high at Rs 2,350, on rallying 9 per cent on the BSE in Friday’s intra-day trade in an otherwise subdued market ahead of the board meeting today for considering fund raising proposal. The stock of the Adani Group company surpassed its previous high of Rs 2,325 touched in Thursday’s intra-day trade.

At 11:19 am; Adani Green traded 8 per cent higher at Rs 2,333.55, as compared to a 0.11 per cent decline in the S&P BSE Sensex. A combined around 1.2 million equity shares changed hands on the NSE and