Adani Green Energy Limited — Important, 20-05-2025: General Updates

Adani Green Energy has announced a board meeting to approve allotment of 18.85 lakh equity shares to Ardour Investment Holding Ltd at Rs. 1,480.75 each, adding Rs. 209.3 crore in equity capital. The promoter group’s stake rises slightly to 61.60%. Ardour also holds warrants convertible into 3.56 crore shares, which may dilute shareholding and raise further capital soon. This transaction reinforces promoter control while boosting the company’s equity base.