New Delhi: Adani Green Energy Thursday said its promoters’ stake has come down to 80.9 pc from 86.50 pc earlier following an offer for sale.
Two promoter entities, Adani Tradeline LLP and Universal Trade and Investment, sold 8.75 crore shares having face value of Rs 10 each of Adani Green under offer for sale on May 21-22 to meet minimum shareholding norms, the company said in a BSE filing. On Monday, the company informed that the two promoters together offered 8.75 crore shares, constituting 5.59 pc of total shareholding, for sale at an offer price of Rs 43 per piece.
