Adani Green Energy Limited has informed the Exchange regarding 'Intimation of allotment of equity 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 4.1 pts less than Nifty 100 and 2.6 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.
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Adani Green Energy has allotted 7,61,688 equity shares to Ardour Investment Holding Ltd (part of the promoter group) after Ardour exercised a part of its convertible warrants. The warrants were originally issued on January 25, 2024 at Rs. 1,480.75 per warrant, with 25% paid upfront at allotment. Ardour has now paid the remaining 75% (Rs. 1,110.56 per warrant) to convert these warrants, bringing in roughly Rs. 84.59 crore to the company. After this allotment, promoter group shareholding has marginally risen from 61.14% to 61.16%. A large balance of about 5.41 crore warrants still remains and can be converted by July 24, 2025.
Minimal impact on public shareholders — this is a small tranche conversion by the promoter group, resulting in only a 0.02% increase in promoter holding. The remaining ~5.41 crore unconverted warrants could lead to further dilution in the future if fully exercised.