Adani Power has reportedly allotted 250 million equity shares worth Rs 700 crore to Adani Group chairman Gautam Adani and managing director Rajesh Adani (on behalf of S.B. Adani family Trust). The shares were allotted at a price of Rs 28 a piece, including a premium of Rs 18 per share, on preferential basis.
As on December 2015, Promoter and Promoter Group, comprising 10 shareholders, together hold 58.13% or 1,706,565,062 shares of the total 2,935,838,941 shares.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
