Prior to the OFS, the promoters held 80.90 per cent equity, which was reduced to 74.92 per cent after the transaction concluded Thursday. Adani Green Energy has sold shares totalling INR4bn ($ 57 m) through an offer for sale scheme. OFS and the S B Adani Family Trust collectively sold at least 25 shares, representing at least 25% of the company's paid-up equity share capital. The sale was designed to maintain a minimum public shareholding level of just under 6% to comply with regulations.
Adani Green Energy has sold shares totalling INR4bn ($ 57 m) through an offer for sale scheme. OFS and the S B Adani Family Trust collectively sold at least 25 shares, representing at least 25% of the company's paid-up equity share capital. The sale was designed to maintain a minimum public shareholding level of just under 6% to comply with regulations.