Adani Power to consider Rs 5,000 crore fundraising via NCDs next week; share price languishing of late

Adani Power will mull fundraising, along with Q2 FY25 results.

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26 Aug, 2025 12:21

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Adani Power Ltd has announced that its board will consider raising up to Rs 5,000 crore through the issuance of non-convertible debentures (NCDs). The company said in a late evening stock exchange filing that the fundraising plan would be discussed during the upcoming board meeting on October 28, 2024.

The proposed funds may be raised through public issues or private placements, in one or more tranches, subject to the required regulatory and other approvals. The company did not provide further details on the specific use of the proceeds or the timing of the tranches.

Adani Power’s fundraising move comes after the company’s earlier communication regarding the company’s board meeting scheduled for Monday, October 28, to consider and approve its Q2 FY25 results.

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Adani Power share price fell 0.9 percent yesterday to end at Rs 583.05 on NSE, ahead of the fundraising announcement. The stock has jumped over 86 percent in the last one year, taking the company’s market capitalisation to Rs 2.26 lakh crore. It has significantly outperformed NSE Nifty 50, which has returned about 28 percent in one year.

However, of late, Adani Power stock has languished since its June high. It has fallen 6 percent in one week, and 14 percent in one month.

Promoters and institutional investors like GQG Partners have recently increased their stakes in Adani Power. In the September quarter, promoter stake in Adani Power rose by 2.25 percentage points, now valued at approximately Rs 5,703 crore. GQG Partners also invested in various Adani Group companies, contributing to a total infusion of Rs 19,000 crore across the group during the quarter.

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