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Adani Green Energy Limited to list on Monday, June 18, 2018

Equity Bulls 2018-06-13 00:00:00

Effective from Monday, June 18, 2018, the equity shares of Adani Green Energy Limited shall be listed and admitted to dealings on the stock exchanges in the list of T Group of Securities. The scrip will be in Trade-for-Trade segment for 10 trading days.

Pursuant to the Scheme of arrangement between Adani Enterprises Ltd (AEL) and Adani Green Energy Limited (AGEL), Renewable Power Undertaking of AEL has been transferred to and vested in AGEL. In consideration of the demerger, AGEL shall issue and allot Equity Shares to the shareholders of AEL in the following share exchange ratio "761 fully paid up equity shares of Rs. 10/- each of AGEL shall be issued and allotted for every 1000 fully paid up equity shares of Re. 1/- each held in AEL".

Prior to the Scheme, the paid-up equity capital of AGEL was Rs. 13,76,74,78,070 consisting of 1,37,67,47,807 equity shares of face value of Rs.10/- each. After giving effect to the allotment of 83,69,55,473 equity shares of Rs. 10/- to the shareholders of AEL and cancellation of 64,96,89,000 of AGEL held by AEL, the post arrangement paid up equity capital of AGEL is Rs. 15,64,01,42,800 consisting of 1,56,40,14,280 Equity shares Rs.10/- each.

Shares of ADANI ENTERPRISES LTD. was last trading in BSE at Rs.129.25 as compared to the previous close of Rs. 127.65. The total number of shares traded during the day was 1011658 in over 4455 trades.

The stock hit an intraday high of Rs. 134 and intraday low of 128.15. The net turnover during the day was Rs. 132053887.