Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Adani Green Energy offloads 6% stake, raises Rs 402 cr capital

Press Trust of India/New Delhi 14 Jun 19 | 02:20 PM

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.

Related Stories

    No Related Stories Found
Widgets Magazine

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.

Widgets Magazine

Sensex

Company Price Gain (%)
Yes Bank111.952.19
M & M635.451.31
TCS2,275.001.11
St Bk of India353.251.09
Coal India256.850.96

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine