Adani Tradecom acquires balance 49% stake in Adani Green Technology

Adani Tradecom (ATL), a wholly owned subsidiary of Adani Enterprises, has acquired balance 49% stake in Adani Green Technology (AGTL) from Adani Trading Services LLP (ATS LLP) and hence AGTL has become a (step down) wholly owned subsidiary of the Company.

Consequent to the above, Mundra Solar, a wholly owned subsidiary of AGTL, has also become a (step down) wholly owned subsidiary of the Company.

Further, by virtue of conversion of CCDs and OCDs issued by Mundra Solar PV (MSPVL) to promoter entity(ies), shareholding of AGTL in MSPVL has reduced from 100% to 51%. Despite this, the economic interest of the Company, in MSPVL, continues to be 51%.

 

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