Board of Adani Ports approves allotment of 706 cr shares pursuant to scheme of arrangement

1 Mar 2022 , 01:33 AM

The board of Adani Ports Special Economic Zone at its meeting held on 21 February 2022 has approved the allotment of 70621469 Equity Shares of the face value of Rs 2 each fully paid up to eligible shareholder of Brahmi Tracks Management Services in the share exchange ratio as provided in the Composite Scheme of Arrangement as approved by Honble National Company Law Tribunal Ahmedabad Bench vide its order dated 27 January 2022 These shares are proposed to be listed and traded on BSE and National Stock Exchange of India With the allotment of the above shares the equity paid up share capital of the Company stands increased from 2041751761 Equity Shares of Rs 2 each to 2112373230 Equity Shares of Rs 2 each