Adani Green Energy Friday said it has raised around Rs 402 crore through sale of 9.35 crore shares by promoters for maintaining minimum public shareholding norms. Under the norms, at least 25 per cent of the equity should be held by public. Therefore, the company came up with offer for sale (OFS) to offload equity shares. Gautam S Adani & Priti G Adani (on behalf of Gautam S Adani Family Trust) and Gautam S Adani & Rajesh S Adani (on behalf of S B Adani Family Trust) sold 9,35,84,300 shares (cumulatively representing 5.98 per cent of paid-up equity share capital) via an OFS, as per a BSE filing. The floor price for OFS was Rs 43 per equity share. Prior to the OFS, the promoters held 80.90 per cent equity, which was reduced to 74.92 per cent after the transaction concluded Thursday. The OFS opened on June 12, 2019.
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gautam S Adani & Rajesh S Adani (on behalf of S B Adani Family Trust) and Adani Trade Line LLP
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gautam S Adani & Rajesh S Adani (on behalf of S B Adani Family Trust)
The Australian state of Queensland on Friday approved Adani Enterprise's management plan for an endangered bird at the site for a controversial coal mine, leaving only one more permit before construction can start on the project.
Annual Secretarial Compliance Report Sr. No. Particulars Details 1Period for which the report has been issued 31/03/2019 2Date of Report29/05/2019 3 Name of the Certifying Firm Ashwin Shah 4 Name of the Certifying Individual Ashwin Shah 5Membership TypeFCS 6 Membership Number 1640 7 CP No. 1640 8 Whether any observations/qualification reported by the Secretarial Auditor ? NO
Adani Enterprises Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 29, 2019, inter alia, has recommended Dividend of Re. 0.40 per Equity Share of face value of Re. 1 each fully paid up for the Financial Year 2018-19, subject to approval by shareholders of the Company.