Adani Power IPO on July 28th 2009

Initial public offering of 30.16 crore equity shares

Adani Power which is building four projects with a combined capacity of 6,600 megawatts, plans to tap the capital markets on 28 July 2009 with an initial public offering of 30.16 crore equity shares of Rs 10 each at a price to be decided through the book-building process. The issue would constitute 13.84% of the post-issue paid-up capital. It includes a reservation of up to 80 lakh shares
for employees. The net issue is for 29.36 crore shares, and constitutes 13.47% of the post-issue capital. The IPO closes on 31 July 2009.

Adani Enterprises holds 90.57% stake in Adani Power (as on 31 March 2008). Adani Enterprises is the flagship company of the Adani group. The company is a global trading
organization with operations covering a wide range of commodities like agro, energy, metals & minerals.