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Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom

The transaction has been conducted at arm's length basis, while the shareholding transfer is based on an independent valuation report

May 24, 2021

/ Rahul Nair
/ Finance and M&A, Solar
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Adani Renewable Energy Holding Four Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has transferred 74% shareholding of Mundra Solar Energy Limited (MSEL) to Adani Tradecom LLP (ATLLP) on May 21, 2021.

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Rahul Nair

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