Adani Energy Solutions Ltd has announced the formation of a new wholly owned subsidiary, Adani Energy Solutions Step-Sixteen Limited, marking a strategic expansion in its business operations.

Key Details of the New Subsidiary

• Name: Adani Energy Solutions Step-Sixteen Limited
• Incorporation Date: 12th August 2025
• Registered Office: Gujarat, India
• Industry: Electric Utilities (Transmission Service Provider)
• Share Capital:
  • Authorized: Rs. 1.00 Lakh
  • Paid-Up: Rs. 1.00 Lakh

Purpose and Scope

The newly incorporated entity is set to focus on transmission, distribution, and supply of power, along with other related infrastructure services. This move aligns with Adani Energy Solutions' core business in the electric utilities sector.

Ownership and Control

Adani Energy Solutions Ltd will have 100% shareholding in the new subsidiary, acquiring equity shares at a face value of Rs. 10.00 each.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Future Outlook

While Adani Energy Solutions Step-Sixteen Limited is yet to commence its business operations, its establishment signals the parent company's intent to strengthen its position in the power transmission and distribution sector. The move could potentially enhance Adani Energy Solutions' capabilities in providing comprehensive energy solutions across the value chain.

Adani Energy Solutions , a key player in the energy sector, witnessed a significant change in its shareholding pattern as Envestcom Holding RSC reduced its stake in the company. The bulk deal, executed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), saw Envestcom selling a substantial portion of its holdings.

Transaction Details

Envestcom Holding RSC sold 22 million shares of Adani Energy Solutions, representing a 1.83% stake in the company. The transaction was carried out at a price of ₹790.00 per share, resulting in a total deal value of approximately ₹1,736.73 crore.

Impact on Shareholding

Prior to this transaction, Envestcom held a 2.68% stake in Adani Energy Solutions. Following the sale, their shareholding has been reduced to 0.85%, marking a significant decrease in their ownership position.

Market Response

The market reacted to this large-scale transaction, with Adani Energy Solutions' shares closing at ₹790.65 on the BSE. This represents a decline of 1.50% compared to the previous trading session, indicating a slight negative sentiment among investors.

Significance of the Deal

This substantial stake sale by Envestcom Holding RSC could potentially impact the stock's performance and investor perception in the short term. It remains to be seen how this change in shareholding pattern will affect the company's strategic decisions and market positioning going forward.

Investors and market analysts will likely keep a close watch on Adani Energy Solutions' stock performance and any subsequent announcements from the company or major shareholders in the coming days.