Adani Power has informed that the convertible warrant holders, to whom the warrants were allotted in the month of May, 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, Management Committee of the Board of Directors of the Company at its meeting held on February 09, 2017 has made allotment of total 2,75,57,619 Equity Shares of the face value of Rs 10 each (with a premium of Rs 22.54 per equity share) to the said convertible warrant holders.
The above information is a part of company’s filings submitted to BSE.
