Adani Green Energy Limited has informed the Exchange regarding 'Allotment of shares upon conversion of warrants'.
ADANIGREEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty 100 and 0.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Adani Green Energy has allotted 53,90,668 equity shares to Ardour Investment Holding Ltd, a promoter group entity, after Ardour exercised its right to convert an equivalent number of convertible warrants. The shares were issued at Rs. 1,480.75 per share (Rs. 10 face value plus Rs. 1,470.75 premium), with the balance 75% subscription amount of Rs. 1,110.56 per warrant now paid, aggregating to roughly Rs. 598.67 crores. This increases the company's paid-up equity capital from 159.31 crore shares to 159.85 crore shares, and lifts promoter group shareholding marginally from 61.16% to 61.29%. The warrants were originally allotted on January 25, 2024 as part of a preferential allotment; 4,87,02,209 warrants remain unconverted and can be exercised by July 24, 2025. The new shares will rank equally with existing shares in all respects, including dividends and voting rights.
This is a promoter-group equity infusion, not new money from public markets, so it slightly dilutes non-promoter shareholders by about 0.34% (from 38.84% to 38.71%) while strengthening the promoter's stake. For existing retail investors, the conversion is price-neutral and the shares carry full dividend and voting rights, but the possibility of further warrant conversions by July 2025 means additional mild dilution could still come.