Adani Enterprises Sold Its Entire Stake In Adani Energy
Adani Enterprises Limited has sold its entire stake in Adani Energy Limited (AEnL). Detailed information is annexed below:
| Sr. No | Particulars | Details |
| 1 | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year; | i) Turnover: Nil as on 31.03.2017 ii) Net-worth: (Rs.1.78 Crores) as on 31.03.2017 |
| 2 | Date on which the agreement for sale has been entered into; | 27 March 2018. |
| 3 | The expected date of completion of sale/disposal; | Date of Completion is 29th March 2018. |
| 4 | Consideration received from such sale/disposal; | Rs.13.61 Lakhs |
| 5 | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group/group companies. If yes, details thereof; | Buyer does not belong to the promoter/ promoter group/group companies. |
| 6 | Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length"; | No |
| 7 | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. | No |
