Company % Shares publicly held % Promoter Shares % Public Shares by Promoter Group encumbered encumbered ATL 74.19% 6.62% -% AEL 72.63% 2.66% -% APSEZ 65.13% 17.31% -% AWL 87.94% -% -% Source: Bombay stock exchange (BSE), National stock exchange (NSE) Note: AEL: Adani Enterprises Limited, AGEL: Adani Green Energy Limited, APSEZ: Adani Ports and Special Economic Zone Limited, APL: Adani Power Limited, ATGL: Adani Total Gas Limited, ATL: Adani Transmission Limited, ACL: Ambuja Cements Limited, ACCL: ACC Limited; AWL: Adani Wilmar Limited D. Banking Relationships The portfolio has developed deep domestic and international bank relationships, which is outlined below. This has strengthened access to diverse funding sources and structures. Further, Adani Portfolio companies have demonstrated successful syndication of the banking transactions, resulting in de-risking of the banks in volatile markets. Case in point being Holcim’s Indian cement business acquisition with international banks, and Navi Mumbai Airport and Kutch Copper refinery with domestic banks. 15