The board of Adani Green Energy will also meet on May 13 to consider the proposal to raise funds...

The board of Adani Enterprises will consider the proposal to raise funds on May 13.

The company said in an exchange filing that the proposal to raise funds through equity shares or any other eligible security will be considered and approved.

This could be private placement, qualified institution placement, preferential issue or any other means.

In February, Adani Group's flagship company Adani Enterprises declined to go ahead with its Rs 20,000-crore follow-on public offer (FPO) to protect the interests of subscribers.

The company posted excellent results

Adani Enterprises' profit more than doubled year-on-year during the quarter ended March 31.

A jump of 26.06 per cent was seen in the company's revenue during this period.

The company's revenue had reached Rs 31,346.05 crore in the fourth quarter.

At the same time, the net profit of the company increased by 137 percent to Rs 722.48 crore.

Adani Green's board meeting on May 13

Adani Green Energy, another company of Adani Group, has told in the exchange filing that the board of Adani Green Energy will meet on May 13 to consider the proposal to raise funds.

The company will consider proposals for raising funds by way of equity shares or any other securities.