Adani Green Energy shares slipped 13.36% to Rs 1645 in early deals today against the previous close of Rs 1898.75 on BSE. Market cap of Adani Green Energy fell to Rs 24.88 crore.
Acquisition by Total SA of 50% equity stake in a
joint venture into Adani Green Energy Twenty Three Ltd, which will own the targets, according to reports.
AZB & Partners advised the targets, including 11 subsidiaries of
Adani Green Energy Ltd (namely 1. Adani Green Energy (UP) Limited (AGEUPL) 2. Adani Green Energy (Tamil Nadu) Limited (AGETNL) 3. Adani Renewable Energy (RJ) Limited (ARERJL) 4. Kamuthi Renewable Energy Limited (KREL) 5. Kamuthi Solar Power Limited (KSPL) 6. Kodangal Solar Parks Private Limited (KSPPL) 7. Prayatna Developers Private Limited (PDPL) 8. Parampujya Solar Energy Private Limited (PSEPL) 9. Ramnad Renewable Energy Limited (RREL) 10. Ramnad Solar Power Limited (RSPL) and 11. Wardha Solar (Maharashtra) Power Limited (WSMPL)). AZB was led by a team of