Adani promoters raise stake in AGEL through warrant conversion
Ardour Investment Holding, a promoter entity of the Adani Group, has increased its stake in Adani Green Energy Limited (AGEL) to 62.5 per cent following the conversion of share warrants into equity. The warrants were originally issued in January 2024 at Rs 1,480.75 per unit, with a 25 per cent upfront payment. The remaining amount was paid upon conversion on July 18 at a revised price of Rs 1,110.56 per unit, after approval by the…