Hitachi Energy to raise funds worth ₹4,200 cr via equity shares, QIP, and other means

Bengaluru-based Hitachi Energy India Limited announced plans to raise funds of an aggregate amount not exceeding ₹4,200 crore. The company’s Board of Directors approved the proposal during a meeting held on January 18, 2025.

The funds may be raised through equity shares or other securities, including convertible debentures, warrants, or preference shares, in one or more tranches via public issue, rights issue, private placement, preferential allotment, or Qualified Institutions Placement (QIP).

The fundraising initiative is subject to regulatory and shareholder approvals, which will be sought through a postal ballot. The company has stated that necessary disclosures regarding pricing and issuance details will follow in due course.

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Hitachi Energy India Limited had earlier disclosed on January 15, that its Board of Directors would meet today to discuss the fundraising proposal. The disclosure did not specify the targeted amount for the fundraise, which was later confirmed in the latest exchange filing.

Shares of the energy solutions provider closed at ₹12,891, down ₹170.45 (-1.30%), on Friday, 17 January 2025.