Hitachi Energy India Limited has announced plans to raise up to ₹4,200 crore through equity shares or other securities. The company’s Board of Directors approved the proposal during a meeting on January 18, 2025.
The funds may be raised in one or more tranches using methods such as public issues, rights issues, private placements, preferential allotments, or Qualified Institutions Placement (QIP). Potential instruments include convertible debentures, warrants, or preference shares.
The fundraising effort is subject to approvals from regulators and shareholders, with the latter to be sought via a postal ballot. Pricing and specific details about the issuance will be disclosed at a later stage.
The decision follows an earlier announcement on January 15, where the company disclosed its intention to discuss fundraising options at the board meeting.
On January 17, 2025, shares of the company closed at ₹12,891, a decline of ₹170.45 (1.30%) from the previous day.