Adani Green Energy - Notice of Offer for Sale of Shares by Promoters & Floor Price
11/06/2019 16:21
Gautam S. Adani & Priti G. Adani (on behalf of Gautam S. Adani Family Trust) and Gautam S. Adani & Rajesh S. Adani (on behalf of S. B. Adani Family Trust) ("Sellers") has submitted to BSE a copy of Notice of Offer for Sale up to 67,24,766 and 8,68,59,534 Equity Shares, respectively (representing up to 0.43% and 5.55% of the paid-up equity share capital of the Company, respectively), cumulatively aggregating up to 9,35,84,300 Equity Shares (cumulatively representing 5.98% of the paid-up equity share capital of the Company), by way of an offer for sale through the stock exchange mechanism ("OFS").

- Date & Time of the opening and closing of the OFS:

For Non-Retail Investors: June 12, 2019 ("T day")

The OFS shall take place on a separate window of the Stock Exchanges on T day i.e. June 12, 2019, commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Non-Retail Investors may indicate their willingness to carry forward their bids to T+1 day (defined below).

Please note that only non-retail investors shall be allowed to place their bids on T day, i.e. June 12, 2019.

- For Retail Investors (define below) and for non-retail investors who choose to carry forward their bids : June 13, 2019 ("T+1 Day")

The OFS shall continue to take place on a separate window of the Stock Exchanges on T+1 day, Commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same date.

Please note that only Retail Investors (defined below) shall be allowed to place their bids on T+1 day. Further, those non-retail investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day, shall be allowed to revise their bids on T+1 day in accordance with the SEBI OFS Circulars.

(T day and T+1 day, collectively referred to as, "OFS Dates").

- Floor Price: The Floor Price for the OFS shall be Rs. 43 (Rupees Forty Three) per Equity Share.