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Press Trust of India
Adani Green Energy, on Thursday, said its promoters’ stake has come down to 80.9 per cent from 86.50 per cent following an offer-for-sale.
Two promoter entities, Adani Tradeline and Universal Trade and Investment, sold 8.75 crore shares having face value of ₹10 each of Adani Green under an offer-for-sale on May 21-22, to meet the minimum shareholding norms, the company said in a BSE filing.
On Monday, the company informed that the two promoters together offered 8.75 crore shares, constituting 5.59 per cent of total shareholding, for sale at an offer price of ₹43 per piece.
Adani Tradeline and Universal Trade offered 7,57,13,197 shares and 1,17,86,803 shares, respectively, for sale.
The offer-for-sale is generally done to increase public holding in the company.
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