Adani Green Energy’s board is expected to meet next month to approve a share sale to raise between $750-850 million, taking the total proposed fundraising by the group to about $3.4 billion.

Adani Green Energy to meet in June to approve raising $750-850 m

Adani may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani’s group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and Adani Transmiss…

Adani to raise $3.5 bn from share sale in three group cos

While boards of Adani Enterprises Ltd - the group’s flagship firm - and electricity transmission company Adani Transmission Ltd have already approved raising up to Rs 21,000 crore (over USD 2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy Ltd is …

Gautam Adani to raise $3.5 billion from share sale in three group companies

While Adani Enterprises and Adani Transmission already said they will together raise up to $2.5 bn, a report said the board of Adani Green Energy is likely to meet to approve fundraising of up to $1 billion in the next couple of weeks

Adani Group to raise $3.5 bn through share sale in 3 firms: Report

On March 2, the Adani Group said that GQG Partners had invested Rs 15,446 crore ($1.87 billion then) in flagship Adani Enterprises (Rs 5,460 crore), Adani Ports & SEZ (Rs 5,282 crore), Adani Transmission (Rs 1,898 crore), and Adani Green Energy (Rs 2,806 crore).

GQG Partners invests another $500 mn into Adani group companies, says report

Adani Green: AGEL RG1 operates solar generation assets with a combined capacity of 930MW. The rating, Fitch said, was underpinned by long-term power purchase agreements and commercially proven technology with a pure solar portfolio.

Adani Green Energy shares in focus as Fitch says outlook for AGEL RG1 stable

Adani Green Energy share price today: Shares of Adani Green Energy gained after two sessions of fall today. The stock climbed 1.16% to Rs 982.15 against the previous close of Rs 970.80 on BSE.

Adani Green Energy shares gain after two sessions; check details

Adani Green Energy Limited (AGEL) on Friday said its arm Adani Wind Energy Kutchh Five Limited (AWEK5L) has commissioned a 130-MW wind power plant located at Kutch in Gujarat.

AGEL arm commissions 130-MW wind energy plant in Gujarat | The Financial Express

AGEL commissions 130-MW wind plant in Guj; portfolio crosses 1 GW-mark

Commissioned by Adani Wind Energy Kutchh Five Ltd, the plant has a 25-year Power Purchase Agreement with Solar Energy Corporation of India at Rs 2.83 per kWh.

Adani Green Energy arm commissions 130 MW wind power plant in Kutch

The $500-million senior secured notes were issued in part by each of the three special purpose vehicles of Adani Green Energy.

Fitch Affirms Adani Green Entities’ Dollar Notes Rating At ‘BB+’; Outlook Stable

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Default probability

Red flags

Adani Green Energy is a power generation company.It builds and operates solar and wind energy power plants in India