Adani Enterprises, Adani Ports promoters pledge shares

Ahmedabad, Aug 28 (IANS) Adani Enterprises said on Sunday that its promoters Gautam Adani and Rajesh Adani have pledged an additional 1.65 crore shares, or 1.50 per cent stake, to STCI Finance Ltd.

The company said in a disclosure to the stock exchanges that with this transaction, the total number of shares pledged by Gautam Adani and Rajesh Adani in Adani Enterprises have gone up to 10.01 per cent of the total share capital.

Adani Enterprises said the shares were pledged on August 24 on account of "loan of group company".

In a separate disclosure, Adani Ports and Special Economic Zone's (APSEZ) said Gautam Adani and Rajesh Adani have pledged over 1.34 crore shares, or 0.66 per cent stake, in the company to STCI Finance Ltd.

The statement also said that they have released over 2.01 crore shares pledged earlier.

With this, the total number of shares pledged by Gautam Adani and Rajesh Adani in APSEZ have come down to 15.97 per cent of the total share capital, from 16.29 per cent earlier.

Besides, another promoter entity Adani Properties has released pledge on 22.06 lakh shares of APSEZ. This has brought down its total pledged shares in the company to 4.28 per cent of the total share capital.

--IANS

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