Adani Enterprises Limited – Stock Exchange Intimation – BSE Further public offer of equity shares

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Adani Enterprises Limited - Stock Exchange Intimation
Adani Enterprises Limited - Stock Exchange Intimation

25th November 2022
BSE Limited
P J Towers,
Dalal Street,
Mumbai – 400001.

National Stock Exchange of India Limited
Exchange plaza,
Bandra-Kurla Complex,
Bandra (E), Mumbai – 400051.
Scrip Code: 512599 Scrip Code: ADANIENT

Dear Sir, 

Sub.: Further public offer of equity shares of face value ₹1 each (the “Equity Shares”) by Adani Enterprises Limited (the “Company”) under the provisions of Chapter IV of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), the Companies Act, 2013, as amended, including the rules made thereunder (the “Offer”). 

This is with reference to our letter dated 22nd November 2022. We wish to inform you  that the board of directors of the Company (the “Board”), at its meeting held today, i.e.  25th November 2022, has approved: 

(i) raising of funds by way of a further public offering through a fresh issue of Equity  Shares by the Company aggregating up to ₹ 20,000 Crore; and 

(ii) to seek approval of the shareholders for the aforesaid issuance by way of postal  ballot process. 

Upon completion of requisite formalities and procedures, the details in respect of the  Offer will be disseminated in accordance with the provisions of the SEBI ICDR  Regulations and SEBI (Listing Obligations and Disclosure Requirements) Regulations,  2015 (“SEBI Listing Regulations”).  

The meeting of the Board commenced at 01:30 p.m. and concluded at 02:30 p.m.  

We request you to kindly take this on record and consider the above in accordance with Regulations 29 and 30 of the SEBI Listing Regulations read with SEBI Circular dated 9th September 2015, as amended.