KPI Green Energy Update:

On Monday, KPI Green Energy said that its board of directors had given its approval to a proposal that would generate up to one billion rupees by issuing shares through qualified institutional placement arrangements. According to a filing with the regulatory agency, this matter is contingent to the consent of shareholders.

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KPI Green Energy

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” plan has been given the go-ahead by the board of directors.

KPI Green Energy Limited, formerly known as K.P.I. Global Infrastructure Limited, is a renowned renewable power generating firm that has its headquarters in Gujarat.

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