Adani Green Energy Limited has informed the Exchange regarding allotment of 63143677 securities pursuant to exercise of share warrants at its meeting held on May 06, 2025
ADANIGREEN · price
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Adani Green Energy has allotted 37,98,696 equity shares (face value Rs. 10 each) to Ardour Investment Holding Ltd, a promoter group entity, upon conversion of an equal number of convertible warrants. These warrants were originally issued on January 25, 2024, as part of a preferential allotment of 6,31,43,677 warrants at Rs. 1,480.75 per warrant. Ardour has now paid the remaining 75% subscription amount (Rs. 1,110.56 per warrant), bringing in approximately Rs. 421.87 crore. Post-allotment, the promoter group's shareholding has risen from 61.04% to 61.14%, and the company's paid-up equity capital has increased to Rs. 1,592.32 crore. A balance of 5,48,54,565 warrants remains, which can be converted by July 24, 2025.
This is a promoter-driven capital infusion with no impact on public shareholding percentage in a meaningful way. The conversion is price-neutral for existing shareholders but increases the share count slightly, and signals continued promoter confidence and commitment of funds into the company.