GeeCee Ventures Limited Completes Conversion of Adani Enterprises Shares
GeeCee Ventures Limited announced on March 20, 2026, the completion of a conversion of partly paid-up equity shares to fully paid-up equity shares in Adani Enterprises Limited (AEL). The company had previously applied for 34,000 partly paid-up equity shares of AEL, receiving an allotment of 30,912 shares. GeeCee Ventures Limited had previously paid all calls associated with the allotment.The Right Issue Committee of AEL’s Board of Directors approved the conversion, which was communicated to the BSE and NSE on March 19, 2026.
Adani Enterprises Limited, incorporated on March 2, 1993, reported a turnover of Rs. 26,708.97 Crores and a profit after tax from continuing operations of Rs. 6,053.19 Crores for the fiscal year 2024-25. The company has operations in India, Australia, Indonesia, Singapore, the Middle East, and parts of Southeast Asia.
GeeCee Ventures Limited’s investment in AEL represents a small portion of its overall investment portfolio. The total cost of the investment in AEL equity shares exceeds the threshold specified in regulations. The acquisition involved a cash consideration of approximately Rs. 5.56 Crores, with a price of Rs. 1800 per share. GeeCee Ventures Limited now holds 30,912 fully paid-up equity shares in AEL.
Table: Adani Enterprises Limited Details (as of FY 2024-25)
| Particulars | Details |
|---|---|
| Authorised Capital | Rs. 490.42 Crores |
| Paid Up Capital | Rs. 129.26 Crores |
| Turnover | Rs. 26,708.97 Crores |
| Profit After Tax from Continuing Operations | Rs. 6,053.19 Crores |
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