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Adani Enterprises Ltd. Capital/Financing Update 2021
61303_rns_2021-11-22_8080b510-36eb-4a41-9a2a-9918f63ebc1c.pdf
Capital/Financing Update
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22nd November, 2021
SSE Limited
P J Towers,
National Stock Exchange of India Limited Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai - 400001. Sandra (E), Mumbai - 400051.
Scrip Code: 512599 Scrip Code: ADANIENT
Dear Sir/ Madam,
Sub: Intimation for divestment of the Company's entire stake in DC Development Noida Private Limited, a wholly-owned subsidiary.
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the captioned subject, we would like to inform you that the Company has divested its 100% stake in DC Development Noida Private Limited, a Wholly Owned Subsidiary Company ("DCDNPL") on 22nd November, 2021 to AdaniConnex Private Limited (50% Joint Venture Company of AEL with EdgeConneX Europe B.V. Consequently, DCDNPL has ceased to be a WoS of the Company.
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR / CFO /CMD / 4/2015 dated 9th September, 2015 are as under:-
| Sr. No. |
Particulars | Details | |||
|---|---|---|---|---|---|
| a) | The amount_and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year: |
i) ii) |
Net-worth: Rs. 31.03.2021 |
Turnover: Nil as on 31.03.2021 80,549/- as on |
|
| b) | Date on which the agreement for sale has been entered into; |
i) ii) |
Date 19th November, 2021 Date 22nd November, 2021 |
of of |
Agreement: Divestment: |
| c) | The expected date of completion of sale/disposal: |
Completed | |||
| d) | Consideration received from such sale/disposal; |
Rs.1,00,000/- (Rupees One lakh only) towards divestment of 10,000 Equity Shares at a price of Rs. 1 O each. |
|||
| Adani Enterprises Limited | Tel + 91 79 2656 5555 |
"Adani Corporate House·, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar Ahmedabad - 382 421 Gujarat, India CIN: L51100GJ1993PLC019067
Fax + 91 79 2555 5500 [email protected] www.adani.com
Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar. Ahmedabad - 382 421
| Sr. No. |
Particulars | Details |
|---|---|---|
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof; |
AdaniConnex Private Limited (50% Joint with Venture Company EdgeConneX Europe B.V. is incorporated in India and registered of Companies, with the Registrar Gujarat at Ahmedabad.) is a related party falling under the joint control. |
| f) | Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length"; |
Yes, the transaction is undertaken at arm's length basis. |
| g) | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale. |
No |
Kindly take the above on your records.
Thanking you,
Adani Enterprises Limited "Adani Corporate House", Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar Ahmedabad - 382 421 Gujarat, India CIN: L51100GJ1993PLC019067
Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 [email protected] www.adani.com