Adani Ports and SEZ Limited to allot 1 crore shares to Windy Lakeside Invesment Ltd

The Board of Directors of Adani Ports and SEZ Limited ("Company") at the meeting held today, has approved the issuance, offer and allotment of upto 1,00,00,000 Equity shares of face value of Rs. 2/- each ("Equity Shares") to Windy Lakeside Investment Ltd ("Windy"), not belonging to the promoter or promoter group of the Company, on a preferential basis ("Preferential Issue") in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), as amended, and other applicable laws, at a price of Rs. 800/- per Equity Share (at a premium of Rs. 798/- per Equity Share) aggregating to Rs. 800 crores (Rupees Eight Hundred crores only), subject to the approval of regulatory/ statutory authorities and the shareholders of the Company.

Shares of ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. was last trading in BSE at Rs.748.55 as compared to the previous close of Rs. 752.1. The total number of shares traded during the day was 804098 in over 12356 trades.

The stock hit an intraday high of Rs. 760.95 and intraday low of 730.75. The net turnover during the day was Rs. 601717017.

Source : Equity Bulls

Keywords