Adani Enterprises Ltd to issue 40,191,038 shares to IHC Capital Holding LLC

The Board of Directors ('Board') of Adani Enterprises Ltd, at its meeting held today i.e. 8th April, 2022, approved the issuance of 40,191,038 (Forty Million One Hundred Ninety One Thousand Thirty Eight) equity shares of face value of Re. 1/- 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. 1,915.85/- (Indian Rupees One Thousand Nine Hundred Fifteen and Eighty Five Paisa Only) per Equity Share aggregating to Rs. 77,000,000,000, 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 Enterprises Limited was last trading in BSE at Rs. 2098.60 as compared to the previous close of Rs. 2160.00. The total number of shares traded during the day was 241709 in over 13920 trades.

The stock hit an intraday high of Rs. 2215.00 and intraday low of 2081.80. The net turnover during the day was Rs. 518087874.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 PreferentialIssue IHCCapitalHoldingLLC INR7700Crores