Adani Green Energy has recently captured the spotlight in the stock market, especially on April 30, 2025. The company announced that Ardour, a member of its promoter group, is set to convert 4,490,416 warrants into equity shares, resulting in an impressive capital infusion of approximately ₹500 crore. This move comes after a significant preferential allotment made to Ardour back in January 2024.
Major Capital Infusion for Adani Green
In January 2024, Adani Green issued 6,314,367 convertible warrants to Ardour through a private placement. Each warrant was priced at ₹1,480.75, with an initial subscription payment of ₹370 (about 25% of the total amount) received at the time of issuance. Following this latest development, Ardour has decided to convert a portion of these warrants, which will further strengthen Adani Green’s financial standing.
- Warrants Converted: 4,490,416
- Total Capital Raised: Approximately ₹498.68 crore
- Remaining Warrants: 5,865,326 can be converted by July 24, 2025
Board Approval and Future Prospects
During a recent meeting on April 29, 2025, the Management Committee of Adani Green’s Board approved the allotment of the equity shares to Ardour, pending payment of the remaining ₹1,110.56 per warrant. The newly issued shares will have the same rights as the existing equity shares, including dividends and voting rights, ensuring that Ardour fully participates in the company’s growth.
Adani Green Energy’s Financial Performance
In addition to the warrant conversion, Adani Green reported robust financial results for the March 2025 quarter. The company saw a 24% increase in net profit, reaching ₹383 crore, up from ₹310 crore year-over-year. Revenue from core operations also surged by 21.6%, totaling ₹3,073 crore, while the power supply segment experienced a remarkable 37% growth, contributing ₹2,655 crore to the overall revenue.
Stock Performance Overview
Adani Green Energy shares displayed a fluctuating trend during trading, opening at ₹928.50, slightly up from the previous close of ₹921.90. However, the stock experienced volatility, dipping to a low of ₹911.55 within the first hour. As of 10 AM, the share price was reported at ₹919.25, reflecting a 0.3% decrease.
- Opening Price: ₹928.50
- Day’s Low: ₹911.55
- Current Price (10 AM): ₹919.25
With Ardour’s strategic move to convert warrants into equity shares, Adani Green Energy is poised for significant growth, bolstered by its strong financial performance and market positioning. Investors should keep a close eye on upcoming developments as the company continues to navigate the energy sector landscape.
