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Adani Green Energy arm transfers 74 per cent stake of Mundra Solar Energy to ATLLP
The transaction is done at arm s length basis and shareholding transferred based on the basis of an independent valuation report.
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NEW DELHI: Adani Green Energy Ltd on Saturday said its arm Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of Mundra Solar Energy Ltd to Adani Tradecom LLP (ATLLP). 7,400 equity shares are transferred to ATLLP at face value i.e.Rs 10 each. Aggregating to Rs 74,000, a BSE filing stated. It also said that the deal is done for cash consideration.
Adani Trading Services LLP, promoter of Adani Green Energy, on Monday offloaded shares worth nearly Rs 3,309 crore in the firm, through open market transactions. According to block deal data on the BSE, the promoter sold over 3.61 lakh scrips of the firm for Rs 3,308.82 crore. Through separate transactions, Acme Trade and Investment Ltd purchased shares of Adani Green Energy at the same price. Adani Trading Services LLP is a promoter of Adani Green Energy and held 33.92 per cent stake, shareholding data for the September 2020 quarter showed. On the BSE, shares of Adani Green Energy Ltd on Monday ended at Rs 953.45, higher 0.62 per cent over the previous close.