Adani Ports and Special Economic Zone Ltd allots 1 crore shares

Pursuant to the approval granted by the shareholders by way of Extra Ordinary General Meeting held on April 6, 2021, the Finance Committee of the board of directors of Adani Ports and Special Economic Zone Ltd at its meeting held today, i.e. April 19, 2021, has approved the allotment of 1,00,00,000 (One Crore) Equity Shares of the face value of Rs. 2 each fully paid up, on a preferential Basis to Windy Lakeside Investment Ltd at an issue price of Rs. 800 per Equity Share (including a premium of Rs. 798 per Equity Share), aggregating to Rs. 800,00,00,000 (Rupees Eight Hundred Crore).

With the allotment of the above shares, the equity paid up share capital of the Company stands increased from 203,17,51,761 Equity Shares of Rs. 2/- each to 204,17,51,761 Equity Shares of Rs. 2/- each.

The aforementioned equity shares shall rank pari passu with the equity shares of the Company.

Shares of ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. was last trading in BSE at Rs.720.65 as compared to the previous close of Rs. 755.35. The total number of shares traded during the day was 931931 in over 13441 trades.

The stock hit an intraday high of Rs. 730.7 and intraday low of 707.55. The net turnover during the day was Rs. 672327390.

Source : Equity Bulls

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