Description
Adani Green Energy Limited has listed 2,45,79,920 equity shares issued at Rs. 1480.75 on preferential basis to promoters pursuant to conversion of warrants, effective November 27, 2025.
Summary
BSE has approved the listing of 2,45,79,920 equity shares of Adani Green Energy Limited (Scrip Code: 541450) issued on preferential basis to promoters pursuant to conversion of warrants. The shares will be listed and permitted to trade with effect from November 27, 2025. The issue price is Rs. 1480.75 per share (face value Rs. 10 plus premium of Rs. 1470.75). All shares are subject to lock-in until May 29, 2027.
Key Points
- Total shares listed: 2,45,79,920 equity shares of Rs. 10/- each
- Issue price: Rs. 1480.75 per share (including premium of Rs. 1470.75)
- Issuance method: Preferential basis to promoters pursuant to warrant conversion
- Ranking: Pari-passu with existing equity shares
- ISIN: INE364U01010
- Distinctive Numbers: 2272285236 to 2296865155
- Trading commencement: November 27, 2025
Regulatory Changes
No regulatory changes introduced by this circular. This is a routine listing notification for new securities.
Compliance Requirements
- Trading members should update their systems to reflect the new shares from November 27, 2025
- Members must ensure awareness of lock-in restrictions applicable to these shares
- The shares are subject to standard trading and settlement procedures
Important Dates
- November 27, 2025: Listing and trading commencement date
- Allotment dates and lock-in schedule:
- June 20, 2025: 2,121,056 shares allotted (Dist. Nos. 2272285236-2274406291) - Lock-in until May 29, 2027
- July 12, 2025: 10,882,671 shares allotted (Dist. Nos. 2274406292-2285288962) - Lock-in until May 29, 2027
- July 17, 2025: 11,576,193 shares allotted (Dist. Nos. 2285288963-2296865155) - Lock-in until May 29, 2027
- May 29, 2027: Lock-in period expiry for all allotted shares
Impact Assessment
Market Impact: The listing of 2.45 crore shares represents a significant addition to Adani Green Energy’s equity base through preferential allotment to promoters. The lock-in period until May 29, 2027 ensures these shares will not immediately impact market liquidity.
Shareholding Impact: This preferential issue to promoters will increase promoter shareholding in the company, potentially strengthening their control. The shares rank pari-passu with existing equity.
Trading Impact: Minimal immediate trading impact expected due to complete lock-in of all newly listed shares until May 2027. The issue price of Rs. 1480.75 provides a reference point for valuation.
Investor Consideration: Investors should note the dilution in existing shareholding and the promoter-focused nature of this issuance through warrant conversion.
Impact Justification
Significant preferential allotment to promoters involving 2.45 crore shares with lock-in periods, impacting shareholding structure but routine corporate action