Gelt Bery Trade, Emerging Market Investment DMCC, and Adani Infra have collectively disclosed substantial acquisitions in Adani Energy Solutions Limited (AESL). The filings detail the market purchase of a total of 34,760,400 Equity Shares (2.89%) between June 2024 and March 2026. This activity results in the combined holding of the Acquirers and their Persons Acting in Concert (PACs) increasing to 72.17% of the total voting capital post-acquisition.
Regulatory Disclosure of Share Acquisitions
This disclosure pertains to the cumulative transactions undertaken by Gelt Bery Trade and Investment Ltd, Emerging Market Investment DMCC, and Adani Infra (India) Limited (collectively, the “Acquirers”) concerning Adani Energy Solutions Limited (“AESL”). The filings cover transactions occurring between June 26, 2024, and March 23, 2026, executed via the Open Market mode.
Acquisitions by Individual Acquirers
Specific details of the acquisitions resulting in the disclosure are as follows:
- Gelt Bery Trade and Investment Ltd acquired 9,626,900 Equity Shares (0.80%) between June 3, 2025, and June 9, 2025.
- Emerging Market Investment DMCC acquired 13,333,500 Equity Shares (1.11%) between June 26, 2024, and June 13, 2025.
- Adani Infra (India) Limited acquired 11,800,000 Equity Shares (0.98%) on March 23, 2026.
The total shares acquired by the three entities amounted to 34,760,400 Shares, representing 2.89% of the share capital at the time of transaction.
Holding Structure Before and After Transactions
The combined holding analysis includes the Acquirers and their identified Persons Acting in Concert (PACs), who are other shareholders belonging to the promoter and promoter group of AESL.
- Before Acquisition: The aggregate holding of the Acquirers and PACs stood at 83,22,72,987 Shares, representing 69.28% of the total share capital (based on the New Paid Up Share Capital post-QIP).
- After Acquisition: The resultant aggregate holding of the Acquirers and PACs increased to 86,70,33,387 Shares, reflecting a total ownership of 72.17% of the share capital.
Capital Structure Context
The percentage calculations for ownership stakes are based on the post-Qualified Institutional Placement (QIP) share capital. The Equity Share Capital of AESL before the said acquisition, based on a face value of Rs. 10 each, was Rs. 1,201,28,26,420 (120,12,82,642 equity shares) after the QIP, which forms the basis for the final reported percentages.
Source: BSE
