Friday, May 13, 2022

Adani Green Energy to issue 2 cr shares to Green Energy Investment Holding

Adani Green Energy's management committee approved on Thursday the allotment of two crore equity shares for Rs 3,850 crore to Green Energy Investment Holding RSC Ltd

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  • Adani Green Energy (AGEL) will issue 2,00,18,198 equity shares of face value Rs 10 each at the rate of Rs 1,923.25 per share
  • The equity shares will be listed on BSE Limited and the National Stock Exchange of India Limited

New Delhi: Adani Green Energy management committee approved on Thursday the allotment of two crore equity shares for Rs 3,850 crore to Green Energy Investment Holding RSC Ltd.

“Management committee of the Company, at its meeting held today approved allotment of the equity shares of Company by way of the private placement on a preferential issue basis to Green Energy Investment Holding RSC Ltd,” a BSE filing said.

Adani Green Energy (AGEL) will issue 2,00,18,198 equity shares of face value Rs 10 each at the rate of Rs 1,923.25 per share for Rs 38,49,99,99,303.50 to Green Energy Investment Holding RSC Ltd, it added.

The equity shares will be listed on BSE Limited and the National Stock Exchange of India Limited.

Three subsidiaries of Adani Green Energy Ltd – Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd, which collectively house 930 MW of operational solar power projects — have recently raised Rs 612.30 crore by their maiden domestic bond issuance, on private placement basis for debt refinancing.

French Energy behemoth Total SA owns 20 percent stake in Adani Green Energy. The company has locked-in growth of 20.4 GW across operational, under-construction, awarded and acquired assets, catering to investment-grade counterparties.

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