AGEL gets shareholders' nod for Rs 3,850 cr investment by Green Energy Investment Holding RSC
Adani Green Energy Ltd (AGEL) has received the approval of shareholders for the issuance of over two crore shares worth around Rs 3,850 crore on a preferential basis to Green Energy Investment Holding RSC Ltd.
The current principal shareholder of Green Energy Investment Holding RSC Ltd is IHC Capital Holding LLC.
At the Extra-Ordinary General Meeting (EGM) convened on Tuesday, shareholders approved the issuance of equity shares on a preferential basis to Green Energy Investment Holding RSC Ltd, according to a regulatory filing.
In a separate filing, the company said it executed a Share Subscription Agreement (SSA) on Monday with Green Energy Investment Holding RSC Ltd for the issuance and allotment of 2,00,18,198 equity shares of the face value of Rs 10 each of the company to the investor on preferential basis.
The 2,00,18,198 equity shares will be issued at a price of Rs 1,923.25 each (at a premium of Rs 1,913.25 per equity share), the filing said.
The total issue size works out to be around Rs 3,850 crore.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)