Adani Group Stocks: The promoters of the company have decided to redeem some pledged shares by paying $1.1 billion.

New Delhi:

Adani Group Stocks: The promoters of Adani Group companies have paid $ 1.1 billion i.e. about Rs 9,000 crore ahead of time to redeem the pledged shares.

According to the BQ PRIME report, in view of the ongoing volatility in the stock market, the promoters have decided to redeem some of the pledged shares of the three companies even before the maturity period of September 2024.

The company has given this information in a statement.

The company has said in the statement that these pledged shares (dani Group Pledged Shares) belong to Adani Ports and Special Economic Zones, Adani Green Energy and Adani Transmission.

As part of this prepayment, about 16.8 crore shares will be issued in Adani Ports & Special Economic Zone Ltd.

This is 12% of the promoters' shareholding.

With this, 2.756 crore shares will be issued in Adani Green Energy Ltd, which is equal to three percent stake of the promoters.

Apart from this, 1.17 crore shares will be issued in Adani Transmission.

This is equivalent to 1.4 per cent stake of the promoters.

 After this step taken by the promoters of Adani Group, the number of pledged shares of Adani Ports has come down from 17.31 percent to 5.31 percent.

At the same time, the number of pledged shares of Adani Green Energy has come down from 4.36 percent to 1.36 percent.

Apart from this, 6.62 percent shares of Adani Transmission, a company of Adani Group, were pledged.

The pledged shares of Adani Transmission have now come down to 5.22 per cent after the promoters of the company made payment before the maturity period.