New Delhi: Adani Enterprises Ltd on Sunday said its promoters Gautam Adani and Rajesh Adani have pledged an additional 1.65 crore shares or 1.50% stake to STCI Finance Ltd.With this, the total number of shares pledged by Gautam Adani/Rajesh S. Adani (on behalf of S.B. Adani Family Trust) in Adani Enterprises, have gone up to 10.01% of the total share capital, the company said in a disclosure to the BSE. Adani Enterprises, which is the flagship company of Adani group, said shares were pledged on 24 August on account of “loan of group company”. With this, the total number of shares pledged by Gautam Adani/Rajesh S. Adani (on behalf of S.B. This has brought down its total pledged shares in the company to 4.28% of the total share capital.

Source: Mint August 28, 2016 16:07 UTC