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.
| Company Name | CMP |
|---|---|
| NTPC | 396.60 |
| Tata Power | 429.30 |
| Adani Power | 203.25 |
| Power Grid Corp | 320.25 |
| Torrent Power | 1620.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: