Adani Enterprises Ltd

Adani Enterprises Announces Major Restructuring Plan 🏢➡️

• NCLT Ahmedabad Bench sanctioned Composite Scheme of Arrangement involving Adani Green Technology, Adani Emerging Businesses, Adani Enterprises, Adani Tradecom, and Adani New Industries

• Adani Green Technology and Adani Emerging Businesses will amalgamate into Adani Enterprises

• Adani Enterprises will issue 11 equity shares for every 553 equity shares held by Adani Emerging Businesses shareholders

• Adani Tradecom will amalgamate into Adani New Industries, which will issue 1 equity share for every 10 Adani Tradecom shares

• Scheme aims to consolidate green hydrogen ecosystem under Adani New Industries

• Scheme received 99.9998% approval from voting shareholders

• Outstanding income tax demands for Adani Enterprises amount to approximately ₹9.03 crore