Adani Green Energy raises Rs 402 crore through offer for sale
14th Jun 2019

Adani Green Energy has raised around Rs 402 crore through sale of 9.35 crore shares by promoters for maintaining minimum public shareholding norms. Under the norms, at least 25 per cent of the equity should be held by the public. Therefore, the company came up with an offer for sale (OFS) to offload equity shares. The floor price for OFS was Rs 43 per equity share.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.