ADANI: Gautam Adani owned, Adani Enterprises announced a mega restructuring plan under which port operations of Adani group has been consolidated under Adani Ports Ltd and power business under Adani Power Ltd.
The shareholders of AEL will get direct shareholding in the port and power companies while the group’s transmission company will be listed on the stock exchanges.
As a result of the demerger of the port business of AEL into APSEZ, the Adani group said APSEZ will issue and allot new equity shares to the equity shareholders of AEL in the ratio of 14,123 equity shares in APSEZ for every 10,000 equity shares held by the equity shareholder in AEL.
On the other hand, following the demerger of the power business of AEL into APL, APL will issue and allot new equity shares to the equity shareholders of AEL in the ratio of 18,596 equity shares in APL for every 10,000 equity shares held by the equity shareholder in AEL as of the record date for the purpose of the Scheme..
Following the demerger of the transmission undertaking of AEL into Adani Transmission Ltd, ATL will issue and allot new equity shares to the equity shareholders of AEL in the ratio of 1 equity share in ATL for every 1 equity share held by the equity shareholder in AEL as of the record date for the purpose of the Scheme.
