Adani Enterprises’ arm acquires balance 49% stake in Adani Green Technology

19 Mar 2024 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Adani Tradecom (ATL) has acquired balance 49% stake in Adani Green Technology (AGTL) from Adani Trading Services LLP (ATS LLP) and hence AGTL has become a step-down wholly owned subsidiary of the Company.

Consequent to the above, Mundra Solar, a wholly owned subsidiary of AGTL, has also become a step-down wholly owned subsidiary of the Company. Further, by virtue of conversion of CCDs and OCDs issued by Mundra Solar PV (MSPVL) to promoter entities, shareholding of AGTL in MSPVL has reduced from 100% to 51%. Despite this, the economic interest of the Company, in MSPVL, continues to be 51%.

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.


Adani Enterprises Share Price

2362.00 17.10 (0.73%)
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Company Name CMP
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Adani Enterprises 2362.00
Amrapali Industries 17.51
Rashi Peripheral 417.50
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