GAGA Share Market News

[hfe_template id='11223'] [ad_1] Adani Green Energy on Wednesday said its promoters will infuse Rs 500 crore into the company through the conversion of share warrants. The warrants will be issued at Rs 1,480.75 each. Ardour Investment Holding, a member of Adani Green’s promoter group, has exercised 44.90 lakh convertible warrants, paying the remaining 75% of the issue price, or Rs 1,110.56 per warrant. This brings the total inflow to Rs 498.7 crore. Equity allotment approved The company’s board, through its management committee, approved the allotment of 44,90,416 equity shares of face value Rs 10 each at a premium of Rs 1,470.75 per share during a meeting held on April 29. These shares were allotted pursuant to a preferential allotment first announced in January 2024, when Ardour was issued 6.31 crore warrants on a private placement basis, with 25% of the consideration paid upfront. With this allotment, the company’s issued, subscribed, and paid-up capital has risen fro...

[hfe_template id='11223'] [ad_1] Anil Ambani's flagship firm, Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms, according to a filing by the company. The board of the company had on Thursday approved Rs 6,000 crore fund raise plan, of which Rs 3,014 crore was to be raised through preferential allotment of shares and Rs 3,000 crore share issue to institutional buyers. In the first phase, the company is launching Rs 3,014 crore preferential placement under which 12.56 crore equity shares or convertible warrants will be issued at an issue price of Rs 240 per share, according to the company's postal ballot seeking shareholder nod for share issue. Out of this, Rs 1,104 crore will be invested by promoters of Reliance Infrastructure through promoter company Risee Infinity Private Limited. Risee will subscribe to 4.60 crore shares. The two other investors par...