Adani Power allots equity shares

On conversion of warrants

Adani Power announced 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 27 October 2016 has made allotment of total 28059928 Equity Shares of the face value of Rs. 10/- each (with a premium of Rs. 22.54 per equity share) to the convertible warrant holders.

Upon allotment of these equity shares; the paid up equity share capital of the Company has increased to Rs. 34,74,18,38,160/- (Rupees Three thousand Four hundred and Seventy Four crores Eighteen lakhs Thirty Eight thousand One hundred Sixty only) comprising of 3,47,41,83,816 equity shares of the face value of Rs. 10/- each.

Subsequent to this allotment, the shareholding of the Promoter and Promoter Group has increased to 64.616% of the enhanced paid up equity share capital of the Company.

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