Description
BSE lists 44,90,416 new equity shares of Adani Green Energy Limited issued to promoters on preferential basis with lock-in period until March 9, 2027.
Summary
BSE has approved the listing of 44,90,416 new equity shares of Adani Green Energy Limited (Scrip Code: 541450) issued to promoters on a preferential basis. The shares are permitted to trade from September 5, 2025, and were issued pursuant to conversion of warrants at Rs. 1480.75 per share.
Key Points
- 44,90,416 equity shares of Rs. 10/- each issued at premium of Rs. 1470.75/-
- Shares issued to promoters on preferential basis through warrant conversion
- Issue price: Rs. 1480.75 per share
- Date of allotment: April 29, 2025
- Distribution numbers: 2233721479 to 2238211894
- ISIN: INE364U01010
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No specific regulatory changes introduced. Standard listing procedure for preferential allotment completed.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance required until March 9, 2027
- All 44,90,416 shares subject to lock-in restrictions
Important Dates
- Allotment Date: April 29, 2025
- Trading Commencement: September 5, 2025
- Lock-in Period Ends: March 9, 2027
Impact Assessment
The preferential allotment increases promoter shareholding in Adani Green Energy Limited. The substantial lock-in period until March 2027 ensures these shares cannot be traded immediately, potentially providing stability to the stock price. The conversion of warrants to equity shares represents completion of a previously approved capital raising exercise.
Impact Justification
Significant preferential share allotment to promoters with long-term lock-in affecting shareholding structure