Adani Green Energy Limited has informed the Exchange regarding 'Allotment Of Shares Upon Conversion Of Warrants'.
ADANIGREEN · price
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Adani Green Energy has allotted 1,08,82,671 equity shares to Ardour Investment Holding Ltd, a promoter group entity, after it exercised an equal number of convertible warrants. The warrants were originally issued in January 2024 at Rs. 1,480.75 each, with 25% paid upfront and the remaining 75% (Rs. 1,110.56 per warrant) now being paid, bringing in roughly Rs. 1,208.6 crore to the company. As a result, the company's paid-up equity capital has risen from about Rs. 1,624.7 crore to Rs. 1,635.6 crore, and promoter group shareholding has nudged up from 61.91% to 62.17%. About 1.15 crore warrants are still pending and must be converted by July 24, 2025, which could further increase the promoter stake and dilute minority shareholders marginally.
This is a promoter-group-led equity infusion rather than a public fundraising, so it strengthens the parent's commitment to the company but also slightly increases the promoter's grip. Existing shareholders may see a small dilution effect if the remaining warrants are also converted, though the cash inflow supports Adani Green's growth and capex plans.