Description

54,71,933 equity shares of Adani Green Energy Limited listed on BSE following preferential allotment to promoters through warrant conversion at Rs. 1480.75 per share.

Summary

BSE has approved the listing of 54,71,933 equity shares of Adani Green Energy Limited (Scrip Code: 541450) with effect from October 17, 2025. These shares were issued to promoters on a preferential basis at Rs. 1480.75 per share (face value Rs. 10 plus premium of Rs. 1470.75) pursuant to conversion of warrants allotted on May 22, 2025. All shares are subject to lock-in until April 24, 2027.

Key Points

  • 54,71,933 new equity shares of Rs. 10/- each listed
  • Issued through preferential allotment to promoters via warrant conversion
  • Issue price: Rs. 1480.75 per share (including premium of Rs. 1470.75)
  • Distinguished numbers: 2261285501 to 2266757433
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE364U01010
  • Trading commences from October 17, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the new securities for trading from October 17, 2025
  • Lock-in restrictions apply to all 54,71,933 shares until April 24, 2027
  • Shares cannot be transferred or sold during the lock-in period

Important Dates

  • Date of Allotment: May 22, 2025
  • Listing Date: October 17, 2025 (Friday)
  • Lock-in Expiry: April 24, 2027
  • Circular Date: October 16, 2025

Impact Assessment

Market Impact: Low to Medium. This is a routine preferential allotment to promoters through warrant conversion. The shares are locked-in for approximately 18 months until April 2027, preventing immediate market supply.

Shareholding Impact: Increases promoter holdings in Adani Green Energy Limited. The allotment represents additional capital infusion into the company at a significant premium (Rs. 1470.75 over face value of Rs. 10).

Operational Impact: Strengthens the company’s equity capital base. The issue price of Rs. 1480.75 indicates strong valuation confidence from promoters. Total consideration raised: approximately Rs. 810.4 crores (54,71,933 shares × Rs. 1480.75).

Impact Justification

Routine listing of preferential allotment shares to promoters. Dilution of 0.22% based on typical ADANI GREEN base, but shares locked-in until April 2027. Material for tracking promoter shareholding but not market-moving.