Adani Green Energy to issue 20,018,198 shares to IHC Capital Holding LLC

The Board of Directors ('Board') of Adani Green Energy Limited, at its meeting held today i.e. April 08, 2022, approved the issuance of 20,018,198 (Twenty Million Eighteen Thousand One Hundred Ninety Eight) equity shares of face value of Rs. 10/- each of the Company to IHC Capital Holding LLC incorporated under the laws of Abu Dhabi, UAE or to a subsidiary or an affiliated special purpose vehicle of IHC Capital Holding LLC on a preferential basis ("Preferential Issue") in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"), as amended and other applicable laws, at a price of Rs. 1,923.25/- (Indian Rupees One Thousand Nine Hundred Twenty Three and Twenty Five Paisa Only) per Equity Share aggregating to Rs. 38,500,000,000, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the Extraordinary General Meeting. IHC Capital Holding LLC has issued an investment commitment letter to the Company and the investment will be subject to customary closing conditions.

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 2164.45 as compared to the previous close of Rs. 2193.40. The total number of shares traded during the day was 137252 in over 13596 trades.

The stock hit an intraday high of Rs. 2325.00 and intraday low of 2090.00. The net turnover during the day was Rs. 303915031.00.

Source : Equity Bulls

Keywords

AdaniGreenEnergy INE364U01010 PreferentialAllotment IHCCapitalHoldingLLC INR3850Crores