Adani Green Energy Limited has informed the Exchange regarding 'Allotment of shares upon conversion of warrants'.
ADANIGREEN · price
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Awaiting price reaction for this filing.
Adani Green Energy has allotted 54.72 lakh equity shares (face value Rs. 10) to Ardour Investment Holding Ltd, a promoter group company, after they exercised part of their convertible warrants. These warrants were originally issued in January 2024 at Rs. 1,480.75 each through a preferential allotment. Ardour has now paid the remaining 75% balance amount of Rs. 1,110.56 per warrant, bringing in roughly Rs. 607.69 crore to the company. As a result, the total issued share capital has increased from 161.16 crore to 161.71 crore shares, and the promoter's stake has gone up marginally from 61.60% to 61.73%. About 3.01 crore warrants still remain and can be converted by July 24, 2025.
This is a routine conversion of warrants already issued in 2024 rather than fresh fundraising, so cash impact is neutral. Minority shareholders face a small dilution of about 0.13%, and the promoter group's continued exercise of warrants signals their long-term commitment to the company.