Adani Green Energy Allots 55.28 Lakh Equity Shares to Promoter Group Entity
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Adani Green Energy Ltd said it has allotted 55,27,802 equity shares to promoter group entity Ardour Investment Holding Ltd in pursuance of exercise of convertible warrants. The preferential issue is a part of the company’s capital raising plan.
Preferential Allotment and Capital Infusion
In a meeting, held on May 27, 2025, of the Management Committee of the Board, it approved the conversion of 55,27,802 share warrants into an equivalent number of equity shares at an issue price of ₹1,480.75 per share comprising of a face value of ₹10 per share and a premium of ₹1,470.75 per share. As the last tranche of the subscription amount, the company secured ₹1,110.56 per warrant and the total infusion stands at about ₹613.90 crore.
Capital Structure Update
The allotment has resulted in the following change in the company’s capital structure:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| No. of Equity Shares | 161,70,68,433 | 162,25,96,235 |
| Paid-up Capital (₹) | ₹1,617.07 crore | ₹1,622.60 crore |
The equity shares allotted rank pari passu with the existing equity shares, carrying equal dividend and voting rights.
Promoter Shareholding Rises
With this conversion, the promoter group’s holding increased marginally:
| Shareholding | Pre-Allotment | Post-Allotment |
|---|---|---|
| Promoter Group Shares | 99,82,88,914 | 100,38,16,716 |
| % of Total Issued Capital | 61.73% | 61.86% |
Ardour Investment Holding Ltd had previously subscribed to 6.31 crore warrants in January 2024. With this tranche of 55.28 lakh shares now converted, 2.46 crore warrants remain exercisable by July 24, 2025, as per SEBI regulations.
Strategic Implications
The allotment is part of Adani Green’s strategy to strengthen its equity capital to support its large renewable energy growth plans. The additional equity infusion strengthens the balance sheet and underlines promoter confidence in the long-term vision of the company.
About Adani Green Energy
Adani Green Energy Ltd is one of India’s largest renewable power companies and part of the Adani Group, a global integrated infrastructure player. It continues to pursue capacity expansion, driven by the country’s clean energy transition goals. The company has not announced any dividend in relation to this allotment.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. The content is based on highly reliable resources. Still if there is any error it is deeply regretted. Write to us for getting any error corrected.
REF: https://nsearchives.nseindia.com/corporate/ADANIGREEN_27052025194220_Reg_30_Disclosure_2.pdf
