Adani Green Energy has cancelled its board meeting , citing unavailability of directors. Investors had been looking forward to the meeting after two of the company’s group firms, Adani Enterprises and Adani Transmission, raised Rs120 billion ($1.63bn) through a qualified institutional placement. Meanwhile, NRI investor Rajiv Jain’s GQG Partners has said it has upped investment in the group to 10%. Adani Green Energy’s shares have risen around 15% after being cleared of price manipulation allegations.
