AGEL unit transfers 74% stake of MSEL to Adani Tradecom
NEW DELHI: Adani Green Energy Ltd NSE 2.33 % on Saturday said its arm Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of Mundra Solar Energy Ltd to Adani Tradecom LLP (ATLLP).
“7,400 equity shares are transferred to ATLLP at face value i.e. Rs 10 each. Aggregating to Rs 74,000,” a BSE filing stated. It also said that the deal is done for cash consideration.
Adani Renewable Energy Holding Four Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has transferred 74 per cent shareholding of Mundra Solar Energy Ltd (MSEL) to ATLLP on May 21, 2021, it added.
