Benzinga | Jan 18, 2021 04:36PM EST

Adani Confirmed Total Stake in Adani Green Energy Though Purchase of 100% of Shares of Universal Trade and Investments Ltd

January 18, 2021BSE LimitedP J Towers,Dalal Street,Mumbai 400001National Stock Exchange of India LimitedExchange plaza,Bandra-Kurla Complex, Bandra (E)Mumbai 400051Scrip Code: 541450 Scrip Code: ADANIGREENDear Sir/Ma'am,Ref: Disclosure pursuant to Regulation 30 of the Securities and ExchangeBoard of India (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended ("LODR Regulations")Pursuant to the Regulation 30 of the LODR Regulations, we would like to inform youthat the Company has received a communication (dated January 18, 2021) fromUniversal Trade and Investments Ltd ("UT"), an entity which was disclosed as part ofthe promoter group of the Company, inter alia intimating the Company that:(i) 100% shares of UT have been acquired by Total Renewables SAS, France("Investor") from Dome Trade and Investments Limited, Mauritius ("Seller") onJanuary 15, 2021 ("Transaction"). UT is the legal and beneficial owner of 16.4% ofthe equity share capital of the Company;(ii) Pursuant to the aforesaid Transaction (i.e. acquisition of 100% shares in UT bythe Investor), UT has now become part of the Total Group, and is consequentlyno longer part of the promoter group of the Company.The shareholding pattern of the Company, as on the close of January 15, 2021(post consummation of the Transaction), is hereby enclosed as Annexure 1.You are requested to take the above on your record.Thanking you.Yours faithfully,For Adani Green Energy LimitedPragnesh DarjiCompany Secretary