Adani Green Energy eyes stock market listing: Media Reports 30/04/2018

Adani Green Energy eyes stock market listing: Media Reports
30/04/2018
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Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to be spun out and listed on Indian stock exchanges within the next two weeks, said two bankers familiar with the company's plans, Reuters said. The company is one of the first pure-play renewable energy firm to come to list in India, since wind energy firm Orient Green Power's listing eight years ago. "Adani Enterprises plans to offload around a quarter of its stake in Adani Green," one of the bankers said, adding this will be followed by Goldman Sachs-backed ReNew Power's IPO.

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