Description
Adani Green Energy Limited has listed 2.46 crore equity shares issued at Rs. 1480.75 per share to promoters on preferential basis pursuant to warrant conversion, effective November 27, 2025.
Summary
BSE has announced the listing of 2,45,79,920 new equity shares of Adani Green Energy Limited (Scrip Code: 541450) issued to promoters on a preferential basis pursuant to warrant conversion. The shares are listed and permitted to trade effective November 27, 2025. The shares were issued at Rs. 1480.75 per share (face value Rs. 10 plus premium of Rs. 1470.75) and rank pari-passu with existing equity shares.
Key Points
- Total New Shares: 2,45,79,920 equity shares of Rs. 10/- each
- Issue Price: Rs. 1480.75 per share (including premium of Rs. 1470.75)
- Allotment Type: Preferential allotment to promoters via warrant conversion
- Trading Start Date: November 27, 2025
- ISIN: INE364U01010
- Distinctive Numbers: 2272285236 to 2296865155
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes. This is a standard listing notification for preferential allotment pursuant to warrant conversion.
Compliance Requirements
- Trading members are informed to note the listing of these new securities
- The shares are subject to lock-in requirements as detailed below
- All trading activity must comply with the lock-in restrictions
Important Dates
| Date | Event |
|---|---|
| June 20, 2025 | First tranche allotment (21,21,056 shares) |
| July 12, 2025 | Second tranche allotment (1,08,82,671 shares) |
| July 17, 2025 | Third tranche allotment (1,15,76,193 shares) |
| November 27, 2025 | Trading commencement date |
| May 29, 2027 | Lock-in expiry date for all tranches |
Lock-in Details
| Allotment Date | No. of Shares | Distinctive Numbers | Lock-in Until |
|---|---|---|---|
| June 20, 2025 | 21,21,056 | 2272285236 - 2274406291 | May 29, 2027 |
| July 12, 2025 | 1,08,82,671 | 2274406292 - 2285288962 | May 29, 2027 |
| July 17, 2025 | 1,15,76,193 | 2285288963 - 2296865155 | May 29, 2027 |
Impact Assessment
Market Impact: Medium - The listing adds approximately 2.46 crore shares to the company’s equity base, issued at a significant premium, indicating strong promoter confidence. However, all shares are under lock-in until May 2027, preventing immediate supply increase.
Operational Impact: The preferential allotment represents substantial capital infusion (approximately Rs. 3,641 crores at the issue price) that will strengthen the company’s financial position for renewable energy projects.
Investor Considerations:
- Promoter holding increases through this allotment
- Shares issued at Rs. 1480.75 reflects a substantial premium to face value
- Complete lock-in until 2027 prevents any immediate selling pressure
- Dilution impact on existing non-promoter shareholders
Impact Justification
Significant preferential allotment of 2.46 crore shares to promoters representing capital raising, with shares under lock-in until May 2027