Adani Green Energy Ltd. on Tuesday said it has allotted 37.98 lakh equity shares to its promoter group entity Ardour, following the conversion of an equal number of warrants.
The warrants, originally issued on January 25, 2024, were part of a preferential allotment of 6.31 crore convertible warrants priced at Rs 1,480.75 apiece. Ardour had paid 25% of the issue price at the time of allotment and has now paid the remaining 75% — Rs 1,110.56 per warrant — to convert the latest tranche.
The company’s board-approved allotment was made at a face value of Rs 10 per share and a premium of Rs 1,470.75 per share.
As per the terms, Ardour can convert the remaining 5.48 crore warrants by July 24, 2025, within 18 months of the initial allotment. The newly issued equity shares will carry equal rights with existing shares, including dividend and voting entitlements.
Adani Green Q4 Results
Adani Green Energy’s Ebitda crossed the $1 billion mark in fiscal 2025, according to results declared on April 28.
Earnings before interest, taxes, depreciation and amortisation from the power supply business rose 35% year-on-year to Rs 2,453 crore in the January–March quarter, compared to Rs 1,811 crore in the same period last year.
For the full fiscal, Ebitda rose 22% to Rs 8,818 crore from Rs 7,222 crore in financial year 2024.
The company reported an Ebitda margin of 91% for the March quarter and 91.7% for the full year.
Adani Green’s operational renewable energy capacity grew 30% on-year to 14.2 gigawatts in fiscal 2025, which it said continues to be the largest in India.
. Read more on Business by NDTV Profit.The warrants, originally issued in 2024, were part of a preferential allotment of 6.31 crore convertible warrants. Read MoreBusiness
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