Adani Green Promoter Converts Over 760,000 Warrants Into Shares

Adani Green Energy Ltd. late Wednesday said Ardour Investment Holding Ltd., a member of the promoter group, has converted 761,688 warrants into an equal number of equity shares.

This is part of the remaining 54.85 million convertible warrants earlier allotted to Ardour, the company said in an exchange filing.

Each equity share has a face value of ₹10, issued at a premium of ₹1,470.75 per share, following receipt of the balance subscription amount.

After this allotment, the promoter group’s shareholding in the company rose slightly to 61.16% from 61.14%.

On April 29, Adani Green had approved the allotment of 4.49 million shares to Ardour upon conversion of an equal number of warrants. These were part of the 63.14 million convertible warrants issued to the promoter group in January 2024 through preferential allotment on a private placement basis.