Adani Green Share Price in Focus as Promoter Converts Warrants, Infuses ₹500 Crore

Adani Green Energy shares were in the spotlight on Wednesday, April 30, after the company announced that Ardour, a promoter group entity, will convert 44.9 lakh warrants into equity shares. These shares have a face value of ₹10 each and will bring in around ₹500 crore to the company.

Background on the Warrant Issue

Back in January 2024, Adani Green had issued over 6.31 crore convertible warrants to Ardour at an issue price of ₹1,480.75 per warrant. Ardour had paid 25% of this amount upfront (₹370 per warrant) during allotment.

Read More, Nifty Weekly Expiry Today: RBL Bank Under F&O Ban on April 30.

New Capital Infusion Details

Now, Ardour has chosen to convert a portion of these warrants—44,90,416 units—into equity shares. The remaining ₹1,110.56 per warrant will be paid by Ardour, totaling a fresh investment of ₹498.68 crore.

The Management Committee of Adani Green approved this conversion in a meeting held on April 29, 2025. The newly allotted shares will be equal in status to existing shares, including dividend and voting rights.

More Warrants to be Converted by July

Ardour still holds 5.86 crore warrants, which can be converted into equity shares by July 24, 2025, in line with SEBI’s ICDR regulations.

Adani Green Energy Q4 FY25 Performance

Adani Green reported a 24% rise in net profit for Q4 FY25, reaching ₹383 crore, compared to ₹310 crore in the same quarter last year. Revenue from its main operations increased by 21.6% YoY to ₹3,073 crore, while power supply revenue saw a significant 37% growth, touching ₹2,655 crore.

Adani Green Share Price Movement

As of 10:45 AM on April 30, Adani Green Energy share price was trading at ₹914.50, down ₹7.90 or 0.86% for the day. The stock opened at ₹922.80, touched a high of ₹929.00, and hit a low of ₹911.00 during intraday trading. The company’s market capitalisation stands at ₹1.45 lakh crore, with a price-to-earnings (P/E) ratio of 115.80. It does not currently offer a dividend yield. Over the past 52 weeks, the stock has reached a high of ₹2,174.10 and a low of ₹758.00.

Conclusion

The promoter’s ₹500 crore equity infusion reflects strong backing for Adani Green’s long-term growth. Combined with robust Q4 results, this could boost investor confidence despite short-term stock volatility.

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