Adani Green Energy Limited has informed the Exchange about General Updates
ADANIGREEN · price
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Awaiting price reaction for this filing.
Adani Green Energy has allotted 18,84,671 equity shares (face value Rs. 10) to Ardour Investment Holding Ltd, a promoter group entity, upon conversion of an equal number of convertible warrants at Rs. 1,480.75 per share (including a premium of Rs. 1,470.75). The warrants were originally issued on January 25, 2024, and Ardour paid the remaining 75% subscription amount of about Rs. 209.30 crore. After this allotment, the company's paid-up equity capital increased from 160,97,11,829 to 161,15,96,500 shares, and promoter group holding rose marginally from 61.56% to 61.60%. Ardour can still convert the remaining 3,55,79,655 warrants by July 24, 2025.
This is a routine promoter group warrant conversion that slightly increases the share count (about 0.12% dilution) and nudges promoter holding marginally higher. Minor dilutive impact; no major price catalyst expected from this disclosure alone.