Adani Green Energy Ltd now in compliance with Minimum Public Shareholding
17/06/2019 15:14
Adani Green Energy Ltd said in a filing to BSE that two promoter entities of the Company namely, Gautam S. Adani e. Prit( G. Adani (on behalf of Gautam S. Adani Family Trust) and Gautam S. Adani e. Rajesh S. Adani (on behalf of S. B. Adani Family Trust) have successfully offloaded their shareholding cumulatively to the extent of 5.98% in the Company through Offer for Sale (OFS) on stock exchanges on 12th and 13th June, 2019. In view of the same, the percentage of total promoter and public shareholding of the Company has been changed to 74.92% and 25.08% respectively. Accordingly, the Company is now in compliance of requirement of having Minimum Public Shareholding of 25% as per statutory requirements.