ADANI DECODED

                                                            ADANI DECODED

Here is the proposed demerger scheme-

Dear All,
The details of Adani Ent
Scheme of Arrangement: -

Upon the Scheme becoming effective and in consideration of the demerger and transfer of Port Undertaking, Power Undertaking and Transmission Undertaking of Adani Enterprises Ltd. in Adani Ports and Special Economic Zone (APSEZ), Adani Power Ltd (APL) and Adani Transmission Ltd. (ATL) respectively, in terms of the Scheme, the equity shareholders of AEL will be allotted in the following proportion:
14,123 equity shares in APSEZ of Rs. 2/- each credited as fully paid up for every 10,000 equity shares of Re. 1/- each held in AEL.
18,596 equity shares in APL of Rs. 10/- each credited as fully paid up for every 10,000 equity shares of Re. 1/- each held in AEL.
1 equity share in ATL of Rs. 10/- each credited as fully paid up for every 1 equity shares of Re. 1/- each held in AEL.
My view-Means, only those will benefit who has 10000 or its multiple shares of AEL. Others will get just ATL shares for free.. unfair for small investors.. I think its a huge scam that took place!

Also, according to the rule of NSE, shares purchased gets transferred on the 3^rd trading day(T+3).

Hence everyone, who bought less than 10k AEL shares have lost from the levels of 734. And the price went down till  106, down by 628(734-106) approx 86%.

Solution-well, though the problem is a bit complicated, but there is a way out as well. And the solution is simple. The ATL shares should get listed in such a way so that the loss in AEL shares gets reversed, i.e.the capital loss in AEL,

That is, the listed price of ATL + the then price of AEL should equal 637 (the closing price prior to the day of demerger).

In this way, everyone who stands to lose will get benefitted, as the loss is reversed.

However, those will get more benefits, who bought more than 10k AEL shares, as they will also get APL and APSEZ shares for free.

Conclusion- looking at the scenario from every angle, it has been unfair with the retail or small investors who cannot afford to buy 10k AEL shares.

In short, it can be called a SCAM or a MANIPULATION.