Please note: you are viewing an old version of this investor. The current version can be found here: Investor #47175
Adani Green Energy Twenty Three Limited (AGE23L) #47175
Created at
2025-04-14
Last update
2025-04-14
2 Parents (Involvements as child)
ID
Name
Adani Green Energy Limited
Country of registration/origin
India
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
50.00 %
Comment
Adani Green Energy Limited (AGEL), Adani Green Energy Twenty Three Limited (AGE23L), and TotalEnergies Renewables Singapore Private Limited (formerly Total Solar Singapore Private Limited) entered into a tripartite Joint Venture Agreement (JVA) dated April 03, 2020.
As per the terms of JVA, AGEL transferred its beneficial interest in certain subsidiaries, including Prayatna Developers Private Limited, to AGE23L for an overall consideration of INR 16,887,346 Iakhs in the form of Non-Convertible Debentures. Subsequently, TotalEnergies invested INR 37,072,100 lakhs in AGE23L through stapled securities in the form of Equity Shares, Class B shares and Non-Convertible Debentures. This agreement was amended on December 26, 2023, which now stipulates that TotalEnergies has invested in AGE23L an amount of INR 4,013 crore in the form of CCDs which has been used by AGE23L to redeem NCDs issued by AGE23L to Total Energies.
As of December 27, 2023, AGEL and TotalEnergies each holds 50:50% of the paid-up equity share capital of AGE23L.
ID
Name
TotalEnergies Renewables Singapore Private Limited
Country of registration/origin
Singapore
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
50.00 %
Comment
Adani Green Energy Limited (AGEL), Adani Green Energy Twenty Three Limited (AGE23L), and TotalEnergies Renewables Singapore Private Limited (formerly Total Solar Singapore Private Limited) entered into a tripartite Joint Venture Agreement (JVA) dated April 03, 2020.
As per the terms of JVA, AGEL transferred its beneficial interest in certain subsidiaries, including Prayatna Developers Private Limited, to AGE23L for an overall consideration of INR 16,887,346 Iakhs in the form of Non-Convertible Debentures. Subsequently, TotalEnergies invested INR 37,072,100 lakhs in AGE23L through stapled securities in the form of Equity Shares, Class B shares and Non-Convertible Debentures. This agreement was amended on December 26, 2023, which now stipulates that TotalEnergies has invested in AGE23L an amount of INR 4,013 crore in the form of CCDs which has been used by AGE23L to redeem NCDs issued by AGE23L to Total Energies.
As of December 27, 2023, AGEL and TotalEnergies each holds 50:50% of the paid-up equity share capital of AGE23L.
1 Children (Involvements as parent)
ID
Name
Prayatna Developers Private Limited
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Comment
Prayatna was previously a wholly owned subsidiary of Adani Green Energy Limited (AGEL). However, when AGEL, AGE23L, and TotalEnergies entered into a tripartite Joint Venture Agreement on April 03, 2020, AGEL transferred its beneficial interest in certain subsidiaries, including Prayatna Developers Private Limited, to AGE23L.