"In support of its VREAS bid, Tilt Renewables has obtained equityfunding support from Infratil (TLT’s largest shareholder)comprising a conditional agreement by Infratil to offer tounderwrite 100% of an equity raising of A$300m for Dundonnell"
So does this mean there'll be any rights issue for shareholders?
And 19.9% would be the maximum that Mercury will get as per NBR today saying IFT is unlikely to approve Mercury moving beyond 20% on TLT https://www.nbr.co.nz/article/%E2%80...ys-th-p-215581 Made sense for IFT holders.
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