Adani Port Authority approves allotment of 7.06 cr shares pursuant to scheme of arrangement | Whuff News




At the meeting held on February 21, 2022

The Adani Ports & Special Economic Zones Authority at its meeting held on 21 February 2022 has approved the allotment of 7,06,21,469 Equity Shares of face value Rs. 2/- each fully paid up, to the eligible shareholders of Brahmi Tracks Management Services, in the share exchange ratio as provided in the Composite Scheme of Arrangement as approved by the Hon’ble National Company Law Tribunal, Ahmedabad Bench vide its order dated 27th January 2022 These shares are proposed to be listed and traded on the BSE and the National Stock Exchange of India.

With the above allotment of shares, the equity paid up share capital of the Company increased from 204,17,51,761 Equity Shares of Rs. 2/- each to 211,23,73,230 Equity Shares of Rs. 2/- each.

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(This story has not been edited by Business Standard staff and is automatically generated from a syndicated feed.)

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