Adani Green Energy Limited has informed the Exchange about Allotment of shares upon conversion of warrants
ADANIGREEN · price
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Adani Green Energy has allotted 21,21,056 equity shares to Ardour Investment Holding Ltd, a promoter group entity, upon conversion of an equivalent number of convertible warrants. The conversion price was Rs. 1,480.75 per share (face value Rs. 10 + premium of Rs. 1,470.75), with the balance 75% subscription amount of Rs. 1,110.56 per warrant now received, aggregating to about Rs. 235.56 crore. This is part of the 6,31,43,677 warrants originally allotted to Ardour on January 25, 2024, on a preferential basis. Post-allotment, the company's issued and paid-up equity capital rose to 162,47,17,291 shares, and the promoter group's shareholding ticked up marginally from 61.86% to 61.91%. Ardour still holds 2,24,58,864 unconverted warrants which can be exercised by July 24, 2025.
This is a promoter-group led equity infusion worth about Rs. 235.56 crore, strengthening the company's capital base without any dilution for public shareholders. The slight increase in promoter holding signals continued promoter confidence, though retail investors should note that more warrant conversions could follow by July 2025, which may marginally dilute their stake.