Adani Green Energy Limited has informed the Exchange regarding 'Allotment of Equity Shares upon conversion of Warrants'.
ADANIGREEN · price
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Awaiting price reaction for this filing.
Adani Green Energy has allotted 54,55,584 equity shares to Ardour Investment Holding Ltd (a promoter group company) after Ardour exercised and converted an equal number of convertible warrants. The conversion happened at Rs. 1,480.75 per share (Rs. 10 face value plus Rs. 1,470.75 premium), with Ardour paying the remaining 75% subscription amount of Rs. 1,110.56 per warrant, totalling around Rs. 605.88 crore. These warrants were originally allotted in January 2024 as part of a preferential issue of 6.31 crore warrants. After this allotment, the company's issued and paid-up share capital has risen from 160.43 crore shares to 160.97 crore shares, and the promoter group's stake has nudged up slightly from 61.43% to 61.56%. Ardour still holds 3.74 crore warrants that can be converted by July 24, 2025.
Minor dilution for public shareholders (about 0.13%) as promoter group stake inches up marginally. This signals continued promoter confidence and commitment of capital, but is not a new fundraising — it is the conversion of warrants already issued in 2024.