adani power delisting cancelled

“The delisting proposal is in the interest of the shareholders,” the company informed the bourses in a statement. Key Developments. Adani Power to consider 3500 delisting proposal livemint In the last 12 months, the Adani Power's share price has halved from a high of 73.75 to the current level of 36.40, making delisting by the promoter group and attractive and affordable option Other lenders would also approve. Adani Power’s Board will meet on June 3, to consider the proposal for voluntary delisting of the equity shares of the Company received from Adani Properties Private Limited, the company said. This will add 1,000 Mw. Businesses. As of on the National Stock Exchange of India ∙ Minimum 15 minute delay. Last Updated at November 6, 2020 10:16 IST. Overall, the proposal includes delisting of 96.53cr equity shares with the public for approximately Rs3,264cr. Promoter hold 75% shares in adani power. In the last 12 months, share prices of Adani Power fell from a high of Rs. write to s.kamat. 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Adani Power board on Wednesday appointed merchant banker Vivro Financial Services Pvt Ltd to evaluate the proposal to delist its equity shares from BSE and National Stock Exchange. All Listings The … In case of delisting of Adani Power shares, given the low valuations due to market correction in March 2020, it can be considered as an attempt by the promoters to increase their stake at attractive prices. Another is a HVDC system which will add another 1,000 Mw supply to Mumbai. The promoters of Adani Power own 74.97%, while the rest is owned by mutual funds, foreign institutional investors and retail investors. Adani Power… Share on Share on Share on Share on . View all . 4.91%. Anil Sardana, managing director and CEO, Adani Transmission ltd and MD-thermal at Adani Power in a media call on Thursday said the deslisting process of Adani Power is in process. From a shareholder’s perspective, a company which is delisting its shares voluntarily will keep its shareholders informed at different stages. Adani Power share stands higher than 5, 20, 50 and 100 day moving averages but lower than 200 day moving averages Share. Share price of Adani Power rose 9.89% to Rs 40 intra day against previous close of Rs 36.40 on BSE In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Benchmarks . “We have received approval from close to six lenders. On Monday, Adani Power shares surged 10% as Gautam Adani declared that he plans to delist his group's power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. Adani Power promoters intend to buy back all shares of the company and delist it from the bourses. 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