{"id":278218,"date":"2019-06-12T06:25:21","date_gmt":"2019-06-12T06:25:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278218"},"modified":"2019-06-12T06:31:04","modified_gmt":"2019-06-12T06:31:04","slug":"adani-green-energy-promoters-to-sell-stake-worth-%e2%82%b9400-cr-via-ofs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-energy-promoters-to-sell-stake-worth-%e2%82%b9400-cr-via-ofs\/","title":{"rendered":"Adani Green Energy promoters to sell stake worth \u20b9400 cr via OFS"},"content":{"rendered":"<p>Mumbai: Adani Group\u2019s renewable energy company Adani Green Energy Ltd on Tuesday said its promoters led by Gautam Adani will sell a 5.98% stake in the company through an offer for sale (OFS).<\/p>\n<p>The stake sales are being planned to bring down the promoter shareholding in the company to 75% to meet norms of the Securities and Exchange Board of India on minimum public shareholding, which require listed companies to have at least 25% public shareholding.<\/p>\n<p>As of 31 March 2019, the promoters of Adani Green Energy held 86.5% stake in the company.<\/p>\n<p>The promoters, including Gautam Adani, Priti Adani, and Rajesh Adani, aim to collectively sell 93.5 million shares of the company, according to a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Adani Group\u2019s renewable energy company Adani Green Energy Ltd on Tuesday said its promoters led by Gautam Adani will sell a 5.98% stake in the company through an offer for sale (OFS). The stake sales are being planned to bring down the promoter shareholding in the company to 75% to meet norms of the Securities and Exchange Board of India on minimum public shareholding, which require listed companies to have at least 25% public shareholding. As of 31 March 2019, the promoters of Adani Green Energy held 86.5% stake in the company. The promoters, including Gautam Adani, Priti Adani, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-278218","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}