Adani Green Energy Limited — Important, 22-05-2025: Updates

Adani Green Energy has announced a board meeting approving the allotment of 54.7 lakh equity shares to Ardour Investment Holding Ltd at Rs. 1,480.75 per share, raising Rs. 607.7 Cr via preferential allotment. This increased the promoter group’s stake from 61.60% to 61.73%. Ardour retains the option to convert over 3 crore warrants by July 2025, providing additional capital for the company’s growth plans.