Adani Power Limited — Major Shareholding Notification 2020

Mar 27, 2020

March 26, 2020

To:

National Stock Exchange of India Limited BSE Limited Exchange Plaza, BKC, Bandra (East) Floor 25, P J Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400001

Adani Power Limited

"Shikhar" Near Adani House, Mithakhali Six Roads, Navrangpura, Ahmedabad-380 009

Sub: Disclosure of reason of encumbrance under regulation 31(1) read with regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir,

With reference to SEBI circular no. SEBI/HO/CFD/DCR1/P/2019/90 dated August 7, 2019, please find attached herewith disclosure of reason of encumbrance in the prescribed format under regulation 31(1) read with regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to creation of pledge on 4,60,19,500 equity shares of APL.

Kindly take the same on record.

Thanking You, For, Adani Tradeline LLP

Authorised Signatory

Encl: Disclosure in the prescribed format

Adani Tradeline LLP Tel +91 79 2656 5555 (formerly known as Parsa Kente Rail Infra LLP) Fax +91 79 2656 5500 801, Shikhar Complex, info@adani.com Srimali Soc., Navrangpura, www.adani.com Ahmedabad-380 009 LLP identification No.:AAJ-0233 Registered with Limited Liability

Registered Office: 801, Shikhar Complex, Srimali Soc., Navrangpura, Ahmedabad 380 009, Gujarat, India

	Annexure - II
	Format for disclosure of reasons for encumbrance
(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)
Name of listed company	Adani Power Limited
Name of the recognised stock exchanges	BSE Ltd. & National Stock Exchange of India Ltd.
where the shares of the company are listedName of the promoter(s) / PACs whose
shares have been encumbered	Adani Tradeline LLP
Total promoter shareholding in the listed	No. of shares	2,891,612,567
company
	% of total share capital	74.97
Encumbered Shares as a % of promoter		31.97% (including other Promoter Group
shareholdingWhether encumbered share is 50% or more	No	entity)
of promoter shareholding
Whether encumbered share is 20% or more of	Yes (including other Promoter Group entity)
total share capital
Details of all the existing events/ agreements pertaining to encumbrance			Encumbrance	Encumbrance
Particulars			1	2
Date of creation of encumbrance			24-03-2020	24-03-2020
Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant,			Pledge	Pledge
transaction, condition or arrangement in the nature of encumbrance)
No. and % of shares encumbered		No. of shares	29,045,500	16,974,000
	% of total share cap		0.75	0.44
Specific details about the encumbrance	Name of the entity in whose favour sharesencumbered(X)		Vistra ITCL (India)	Vistra ITCL (India)
			Ltd. for Yes Bank	Ltd. for Yes Bank
			Ltd.	Ltd.
	Whether the entity X is a scheduled commercial bank, publicfinancial institution, NBFC or housing finance company?		Vistra ITCL (India)	Vistra ITCL (India)
			Ltd. is into	Ltd. is into
			trusteeship businesswhile Lender is bank	trusteeship businesswhile Lender is bank
	If No, provide the nature of the business of the entity.
	Names of all other entities in the agreement		Adani Power	Adani Power
			Maharashtra Ltd.	Rajasthan Ltd.
			(Borrower)	(Borrower)
	Whether theencumbrance is relatingto any debt instrumentsviz. debenture,commercial paper,certificate of deposit etc.?If yes, provide detailsabout the instrument,including credit rating	Yes / NoIf yes,	No	No
		1. Name of Issuer	N.A.	N.A.
			N.A.	N.A.
		2. Details of the debt instrument
		3. Whether the debt instrument islisted on stock exchanges?	N.A.	N.A.
		4. Credit Rating of the debtinstrument	N.A.	N.A.
		5. ISIN of the instrument	N.A.	N.A.
Security Cover / Asset Cover	Value of shares on the date of event / agreement (A)		811,821,725	474,423,300
	Amount involved (against which shares have beenencumbered) (B)		2,850,000,000	1,600,000,000
	Ratio of A / B		0.28	0.30
End use of money	Borrowed amount to be	(a) Personal use by promoters	-	-
	utilized for whatpurpose –	and PACs
		(b) For the benefit of listed	-	-
		company Provide details
		including amount, purpose of
		raising money by listed company,
		schedule for utilization of
		amount, repayment schedule etc.
		(c) Any other reason (please	N.A (Refer Note	N.A (Refer Note
		specify)	below)	below)

Note: Additional Security provided for existing debt as per agreement with Lender / Security Trustee

For Adani Tradeline LLP

Date: 26-03-2020 Place: Ahmedabad Authorised Signatory