Hitachi Energy India Limited — QIP/Rights/Pref., 18-01-2025: Issue of Securities

Hitachi Energy India Limited has announced a board meeting where it approved a plan to raise funds through the issuance of equity shares and/or various other securities, totaling up to INR 4,200 Cr. The fundraising may occur via public issue, rights issue, preferential allotment, or private placement, including Qualified Institutions Placement (QIP) across multiple tranches. Shareholder approval for this initiative will be sought through a Postal Ballot, with further disclosure to follow. This capital raising aims to enhance the company's financial flexibility and support its strategic objectives.