GeeCee Ventures invests about Rs 2.78 Cr in Adani Enterprises Rights Issue
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GeeCee Ventures has been allotted 30,912 partly paid-up equity shares of Adani Enterprises Limited (AEL) under AEL's Rights Issue. The company applied for 34,000 shares at Rs 1,800 each and paid Rs 900 per share on application, taking the initial cost to about Rs 2.78 Crores. The balance will be paid on future calls. AEL's turnover was Rs 26,708 Crores in FY25. This is a small investment relative to GeeCee's portfolio and is not a related party transaction.
Minor portfolio investment in a marquee listed entity. Material for compliance disclosure only; unlikely to move GeeCee's stock price meaningfully.