Adani Green Energy allots shares after warrant conversion

Adani Green Energy (ADANIGREEN) announced the allotment of 2,121,056 equity shares to Ardour Investment Holding Ltd following the exercise and conversion of warrants. The shares, with a face value of INR 10 each, were issued at a premium of INR 1,470.75 per share. This conversion was made against the receipt of the balance subscription amount of INR 1,110.56 per warrant, totaling INR 235,55,59,951.36. Following the allotment, Adani Green Energy's issued and subscribed capital has increased to 162,47,17,291 shares valued at INR 1,624,71,72,910. The promoter group's shareholding now stands at 61.91%, up from 61.86%. Ardour can convert the remaining 2,24,58,864 warrants by July 24, 2025.