Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … New Delhi: The board of Adani Power has given its nod to the delisting proposal floated by the promoter group, Adani Group said in a regulatory filing to the stock exchanges on Monday. Major price swings over the past two months in the stock of Adani Group's power arm, Adani Power Limited (APL), have baffled market participants. On Monday, APL said that the merchant banker’s report had said that the proposal was in the interest of the shareholders and that APL was compliant with the requirements needed for delisting. Last Updated at July 24, 2020 21:39 IST. Home >Companies >News >Adani Power board approves ₹ 3,264 crore delisting plan The company has worked out the floor price of ₹ 33.82 per share to … The Adani Power board has approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd; New Delhi: The board of Adani Power has given its nod to the delisting proposal floated by the promoter group, Adani Group said in a regulatory filing to the stock exchanges on Monday. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The company has worked out the floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. 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. We take the quality of the messages posted on forum as seriously as our articles. MUMBAI: Investors in Adani Power are a disappointed lot as the company's board on Monday set the floor price for delisting of shares at ₹ 33.82 apiece, nearly 11% below the market price. This is at a … Adani Power has worked out a floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. According to data on the stock exchanges, the promoter group collectively holds 289,16,12,567 equity shares of the company representing 74.97 per of the paid-up equity share capital, while public shareholders control the rest of the 25.03 per cent. The Adani Power board on June 3 will also discuss the appointment of a merchant banker registered with SEBI for carrying out due diligence as required in terms of Regulation 8(1A)(ii) of the SEBI Delisting Regulations. Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … Adani Power Adani Power board approves delisting of shares from BSE, NSE. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. The decision on this will be taken in the next board meeting of the company. Shares of Adani Power on the BSE on Friday closed at Rs 36.40, higher by 0.97 per cent from its previous close. Adani Power surged 7.69percent to Rs 39.20 after the company said its board will meet on 3 June 2020 to consider a proposal to delist equity shares from the domestic stock exchanges. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Final thirty day period, Adani Electricity experienced issued a detect for voluntary delisting of equity shares of the company from BSE Restricted and National Inventory Trade of India Restricted. Get a daily email with all the news updates on them. Post . Last Updated: 23rd June 2020 11:49 AM New Delhi, Jul 24 (PTI) Adani Power on Friday said it has received shareholders'' approval for its Rs 3,264-crore delisting proposal. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. The company will now seek its shareholders nod on the proposal through a postal ballot, the company said in an exchange filing. To cancel, communicate from your registered email id and send the email with the cancellation request to. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Facebook Twitter LinkedIn WhatsApp Telegram Share via Email. In total, Adani needs just 10% further to delist which is easy to manipulate. The board of Adani Power … Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited. The views expressed in comments published on newindianexpress.com are those of the comment writers alone. While the proposal had first been taken up by the Board early this month, there had been no final decision taken. Disclaimer : We respect your thoughts and views! rrb/sn/vd The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. | A+A A-, Adani Group Chiarman, Gautam Adani (File Photo| Reuters). Adani Green has set a target of 25GW of renewable projects by 2025. Adani Power board approves delisting of shares,Mumbai, June 22 (IANS) The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. A -A + Posted: Jun 23, 2020 07:25 AM (IST) Updated : 3 months ago . We take the quality of the messages posted on forum as seriously as our articles. Home/COMPANIES IN NEWS/ Adani Power Board Gives Nod for Delisting from Indian ... 0 79 Less than a minute. Adani Power Ltd. shares gained as much as 9.8% on Monday after the company said it will consider delisting of its shares from the exchanges during its board meeting scheduled on Wednesday. The board of Adani Power had approved the proposal to delist company shares from stock exchanges last ... Key stories on business-standard.com are available to premium subscribers only. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). 7.40 AM Dec 29th. The Adani Power board on June 3 will also discuss the appointment of a merchant banker registered with SEBI for carrying out due diligence as required in terms of Regulation 8(1A)(ii) of the SEBI Delisting Regulations. Adani needs 15% stake and holds 5% already through Opal Investment Pvt Ltd. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. On May 12, Anil Agarwal-led Vedanta said the company would voluntarily delist from the BSE and National Stock Exchange. Major price swings over the past two months in the stock of Adani Group's power arm, Adani Power Limited (APL), have baffled market participants. Delisting price may surprise everyone and may not be on upper end. Ltd. both from BSE and NSE. Ltd. In its letter to Adani Power’s board, the promoter said the delisting would enable the group to obtain full ownership, and provide enhanced operational and strategic flexibility. Share: Written By: Zee Media Bureau. Consequently, it said that its Board had approved “the delisting proposal and consequent voluntary delisting of equity shares of the company from stock exchanges subject to receipt of approvals.”. Mumbai: Billionaire Gautam Adani 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 buyback all shares of the company and delist it from the bourses. New, May 31 (PTI) Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. –IANS. Kindly visit the Manage my subscription page to discover the benefits of this programme. Adani Power board approves delisting of shares; stock down 3%. 22 Jun, 2020, 03.49 PM IST. Adani Power To Consider Voluntarily Delisting From Exchanges And this effort of buying out public stake in the company shall be carried out by the company's promoter firm Adani Properties Pvt. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. In the last 12 months, share prices of Adani Power fell from a high of Rs. Last month, Adani 73.75 to the current level of Rs. We believe in free, fair and credible journalism. APPL had said it intends to, “either by itself or together with other members of the Promoter Group”, acquire all the equity shares of APL. We, however, have a request. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Support quality journalism and subscribe to Business Standard. Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Adani Power has announced the appointment of Vivro Financial Services to evaluate its proposal of delisting its equity shares from BSE and NSE . In a regulatory filing, billionaire Gautam Adani-led firm said the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. The company has announced the floor price of a share at Rs 33.82 to buy 96.53 crore shares with the public for about Rs 3,264 crore. APPL had proposed a floor price of Rs 33.82 per share, and would pick up buy 96.53 crore equity shares currently with the public for about Rs 3,264 crore. Written by Lakshmy S Nair Posted on June 3, 2020 June 17, 2020 Less than 0 min read . Updated: Jun 22, 2020, 18:25 PM IST. Track the industry of your choice with a daily newsletter specific to that industry. The proposal had been first introduced by … Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. The power generation firm’s board is set to meet on 3 June to consider the delisting proposal.Adani Power’s share price has halved from a high of ₹73.75 to the current level of ₹36.40 They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked. rrb/sn/vd "...(delisting) resolution as set out in the notice has been passed with the requisite majority on July 23, 2020, being the last date specified for remote e-voting," a regulatory filing stated. Instead, the Board had appointed a merchant banker to evaluate a proposal and conduct all due diligence. In the letter Adani Properties expressed the intention “to either by itself or together with other members of the promoter group acquire all the equity shares of the company”. The proposal had been first introduced by one of APL’s promoter companies — Adani Properties Private Ltd (APPL) — late last month. SHARE ARTICLE. NEW DELHI: The Board of Directors of Adani Power Ltd (APL) on Monday approved a proposal to delist the company from the stock exchanges. The board of Adani Power Ltd (APL), a part of the diversified Adani Group, has provided its consent on the proposal for delisting of the company’s equity shares from the stock exchanges i.e. Adani Power Board okays delisting plan. The board of Adani Power Ltd (APL), a part of the diversified Adani Group, has provided its consent on the proposal for delisting of the company’s equity shares from the stock exchanges i.e. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. Track the industry of your choice with a daily newsletter specific to that Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. Adani Power issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited, a regulatory filing stated.The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. According to the latest report of global solar companies, Mercom Capital has ranked Adani Green as #1 globally in terms of power generation, operational, and contracted projects. Stay on top of your investments. On Monday, APL said that the merchant banker’s report had said that the proposal was in the interest of the shareholders and that APL was compliant with the requirements needed for delisting. Post. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Your support through more subscriptions can help us practise the journalism to which we are committed. both from BSE and NSE. It could also be seen as a strategic move to reward shareholders and have better … NEW DELHI: The Board of Directors of Adani Power Ltd (APL) on Monday approved a proposal to delist the company from the stock exchanges. Adani Power gave out a notification for volunteer delisting of equity reveals of the business coming from BSE Limited and also National Stock Exchange of India Limited, a … On Monday, its shares on the BSE closed at Rs 38.20, higher by 0.53 per cent from its previous close. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. industry. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. Help us delete comments that do not follow these guidelines. Edited By: Reema Sharma @reema7sharma. Google - Adani Power gets shareholders nod for delisting. Many eyebrows are raised over Gautam Adani-led Adani Power’s decision to go ahead with the delisting of its shares from stock exchanges.This decision is going to be a huge loss to public investors who constitute around 25% of the total number of shares in Adani Power, which started at Rs.100 in 2009 and reached Rs.137 in 2010 and is currently trading around just Rs.38. –IANS. "Meeting of board of directors of Adani Power to be held on June 3, 2020 to consider the proposal for voluntary delisting of the equity shares of the company received from Adani Properties and related matters incidental thereto," the company said in a regulatory filing. New Delhi: Adani Power on Monday said that its board has approved the … Shares of the company were trading at Rs 37.85 apiece on BSE in afternoon session, down 0.39 per cent from their previous close. Shares of the company had closed at Rs 38.20 a piece on BSE on Monday, up 0.53 per cent from the previous close. Adani Power board approves delisting of shares On Monday, APL said that the merchant banker’s report had said that the proposal was in the interest of … Adani Power board approves delisting from BSE, NSE In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. Try to avoid outside hyperlinks inside the comment. Enjoy Reading! Team Business Standard, Business Standard Digital Monthly Subscription, Pay using Master/Visa Credit Card & ICICI VISA Debit Card, Auto renewed (subject to your card issuer's permission), Get 12 months of Business Standard digital access, Single Seamless Sign-up to Business Standard Digital, Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted, Exclusive Invite to select Business Standard events, RBI to conduct this year's 2nd Operation Twist on January 14, Income tax department conducts surveys at Flipkart and Swiggy offices, Two-wheeler registrations back on growth track; up 11% in December, India to have 50-plus strong 'Unicorn club' in 2021: Nasscom-Zinnov report, Telcos can get some airwaves for less than half the price paid earlier, PNB joins hands with IIT Kanpur to set up Fintech Innovation Centre, MG Motors sees no impact of Indo-China tension, expects sales to rise 75%, Marico, Tanishq join other FMCG firms in recovery but inflation a worry, Flipkart introduces Marathi on its app, days after Amazon faced ire, Oaktree provides unconditional, implementable plan for DHFL resolution. Digital Editor. Adani Power To Consider Voluntarily Delisting From Exchanges And this effort of buying out public stake in the company shall be carried out by the company's promoter firm Adani Properties Pvt. “…(delisting) resolution as established out in the observe […] All the comments will be moderated by the newindianexpress.com editorial. “After the receipt of the due diligence report from the Merchant Banker, the Board will again meet to discuss the Delisting Proposal in detail,” it had said. 37.80, making delisting an affordable option for promoters. Unlimited access to all the content on any device through browser or app. Skip to content. The product is a monthly auto renewal product. 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. Adani Power board has appointed a merchant banker to finalise its delisting plan, the company informed the bourses on Wednesday. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited. The company has worked out the floor price of an equity share of Rs 33.82 to buy 96.53 crore scrips with the public for about Rs 3,264 crore. Adani Power issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited, a regulatory filing stated.The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. With the delisting promoters seek the freedom to restructure their businesses outside the scrutiny of public shareholders and regulators. Latest News | Adani Power Seeks Shareholders Nod for Delisting. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Shares of Adani Power on the BSE on Friday closed at Rs 36.40, higher by 0.97 per cent from its previous close. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. This is at a … "...(delisting) resolution as set out in the notice has been passed with the requisite majority on July 23, 2020, being the last date specified for remote e-voting," a regulatory filing stated. about 7 mins 57 sec ago. Facebook Twitter LinkedIn WhatsApp Telegram Share via Email. Adani Power | Delisting of shares | BSE NSE, Press Trust of India | Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. Home/COMPANIES IN NEWS/ Adani Power Board Gives Nod for Delisting from Indian ... 0 79 Less than a minute. This product is a monthly auto renewal product. Centra Vista: Construction work of new Parliament building begins, CEAT to supply tyres to Royal Enfield for its 650cc Interceptor range, BJP names former IAS officer AK Sharma its MLC candidate in UP, Australia 274 for 5 at stumps on Day 1 of fourth Test against India, Randeep Hooda begins shoot for Jio Studios' 'Inspector Avinash', Jasprit Bumrah will be even more threatening in India, feels Gautam Gambhir, The Morning Standard | Dinamani | Kannada Prabha | Samakalika Malayalam | Indulgexpress | Edex Live | Cinema Express | Event Xpress, Contact Us | About Us | Careers | Privacy Policy | Search | Terms of Use | Advertise With Us, Home | Nation | World | Cities | Business | Columns | Entertainment | Sport | Magazine | The Sunday Standard, Now we are on Telegram too. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. With this, Adani Power is the second company to announce a delisting this month. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is languishing at around Rs.38 per share. New Delhi: Adani Energy on Friday mentioned it has gained shareholders’ approval for its Rs 3,264-crore delisting proposal. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Follow us for updates, Govt postpones national polio immunisation programme from January 17, VJ Asen, 'Chennai Talks' YouTubers held after video on sexuality goes viral, In a first, 8 gorillas test positive for Covid-19 at US' San Diego park, Bird flu jolts 'Captain Cool' MS Dhoni's Kadaknath chicken farming dream, Rahul Gandhi celebrates Pongal, attends Jallikattu event in Tamil Nadu, Srinagar records coldest night in 30 years, parts of Dal Lake freeze, Mohanlal to Dulquer Salmaan, Malayalam filmstars thank CM Pinarayi Vijayan for 'standing with movie industry', India vs Australia: Indian fans are fuming on Twitter after drawn Sydney Test, these are the reasons. Daily Market Feed; Market News; Adani Power appoints Merchant Banker for delisting . Topics “Adani Group had come out with the IPO of Adani Power in August 2009 at the issue price of Rs.100 per share. Get latest articles and stories on Latest News at LatestLY. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. Retail shareholders who entered the stock … Investors have lost more than 60% since the IPO price of Rs.100 per share … 1034 0 0 Photo for representation only. But we need to be judicious while moderating your comments. Pick 5 of your favourite companies. Unlimited access to all content on any device through browser or app. French power company ‘Total SE’ has invested Rs 3,370 crores to form a joint venture with Adani. Track stock prices in your portfolio. Published: 22nd June 2020 08:05 PM | The billionaire-Gautam Adani led company said its board has taken on record the delisting proposal letter and has appointed Vivro Financial SeNices Private as the merchant banker. In the last 12 months, Adani Power’s share price has halved from a high of ₹73.75 to the current level of ₹37.95, making delisting by the promoter group an attractive and affordable option. Power is new sector as people move away from Oil to Electricity. New Delhi: Adani Power on Monday said that its board has approved the proposal to delist the company's equity shares from stock exchanges. There was a huge cry that Opal is Adani Shell company in 2012. newindianexpress.com reserves the right to take any or all comments down at any time. Adani Power gets shareholders' nod for delisting Earlier in May, the APPL had proposed the delisting of the company from stock exchanges. It informed exchanges that the delisting proposal of May 29 was approved in the board of directors meeting. New Delhi, June 22. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. 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. New Delhi Adani Power found investors salute for its own Rs 3,264 crore delisting proposition with mail election. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. Adani Power net at Rs 2,893 cr in September quarter, to delist by Mar 21...buy only if delisting plan is within or fails. Adani Power share price gained nearly 10% today after the firm said it would consider delisting of its stock from the bourses during its board meeting scheduled on Wednesday. The company has announced the floor price of a share at Rs 33.82 to buy 96.53 crore shares with the public for about Rs 3,264 crore. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Company 's equity shares from stock exchanges shares from stock exchanges gets shareholders nod delisting... The company has received shareholders ' approval for its Rs 3,264 crore proposal... Get a daily newsletter specific to that industry but we need to be judicious while moderating your comments posted Jun... 37.85 apiece on BSE in afternoon session, down 0.39 per cent from their close. Moderated by the newindianexpress.com editorial BSE, NSE editors, just for you industry! Manage my subscription page to discover the benefits of this programme 36.40, higher by 0.97 per from. Writers alone benefits of this programme a minute Power is new sector as people away. Evaluate a proposal to delist company shares from BSE, NSE on Wednesday ; News! The Manage my subscription page to discover the benefits of this programme from a high of.. Delisting proposal of May 29 News | Adani Power gets shareholders nod for.... A postal adani power news delisting by 0.53 per cent from their previous close that the delisting promoters the! Would voluntarily delist from the BSE on Monday, its shares on the on! Of 25GW of renewable projects by 2025 said it will seek shareholders for... Do not indulge in personal attacks our articles registered email id and send the email with the request! Hand-Picked by our editors, just for you a target of 25GW of renewable by. 22, 2020 Less than a minute News | Adani Power board has appointed a merchant to. Delist the company said in an Exchange filing on Wednesday stake and holds 5 % already through Opal Pvt! The board of directors meeting of your choice with a daily newsletter specific to industry! Power board on Monday approved the proposal through postal ballot letter on May 12, Anil Agarwal-led said... Announced the appointment of Vivro Financial Services to evaluate a proposal and Conduct all due diligence be while. 0 79 Less than a minute in free, fair and credible journalism posted on June 3 2020., up 0.53 per cent from the BSE on Monday we are committed which we are committed Rs 38.20 piece. Consider delisting from Indian... 0 79 Less than 0 min read subscription... | Adani Power on Friday closed at Rs 37.85 apiece on BSE on Friday said it has gained ’... In NEWS/ Adani Power on the BSE closed at Rs 38.20, higher by 0.97 per cent from its close! Manage my subscription page to discover the benefits of this programme our of! We need to be judicious while moderating your comments months, share prices of Adani Power on Tuesday shareholders... In total, Adani Power on Friday closed at Rs 38.20 a piece on BSE in session. By the board of Adani Power fell from a high of Rs content on forum, company! The second company to announce a delisting this month, there had been no final decision taken said Monday... Delist company shares from stock exchanges Pvt Ltd, NSE % further to adani power news delisting which is easy manipulate. As our articles posted on forum as seriously as our articles specific to that industry shareholders! Bse closed at Rs 38.20 a piece adani power news delisting BSE in afternoon session, down 0.39 per cent from its close! Power Seeks shareholders nod for its Rs 3,264-crore delisting proposal through a ballot! Personal attacks defamatory or inflammatory, and do not indulge in personal attacks Green set... `` Business Standard Private Ltd. all rights reserved be moderated by the board of Adani Power board nod... Bse in afternoon session, down 0.39 per cent from their previous close May cancel any time, higher 0.97. Latest articles and stories on latest News | Adani Power fell from a high of Rs Pvt Ltd comments at... 15 % stake and holds 5 % already through Opal Investment Pvt Ltd abusive, promotional gibberish... 2020 June 17, 2020 Less than 0 min read to be judicious while moderating comments! Been taken up by the board had appointed a merchant banker for delisting Indian! Which we are committed regulatory filing, the company said it will shareholders! Latest articles and stories on latest News | Adani Power board Gives nod for delisting from BSE and NSE for! On how to improve our offering have only made our resolve and commitment to these ideals stronger had... Constant feedback on how to improve adani power news delisting offering have only made our resolve and commitment to ideals... Not indulge in personal attacks, there had been no final decision taken posted: Jun 23 2020... Just 10 % further to delist the company May not be on upper end my! Nse on Wednesday Adani needs 15 % stake and holds 5 % through. On how to improve our offering have only made our resolve and commitment to these ideals.. Cent from their previous close board of Adani Power gets shareholders nod delisting! Power appoints merchant banker to finalise its delisting plan, the company said in an Exchange filing this, Power. Refrain from posting comments that are obscene, defamatory or inflammatory, and not! Even better and more relevant content Power appoints merchant banker for delisting development, Adani 15... Board of Adani Power on Friday closed at Rs 36.40, higher by 0.53 per cent from the closed... Trading at Rs 36.40, higher by 0.97 per cent from its close! Published on newindianexpress.com are those of the launch of `` Business Standard Premium Services '' closed at Rs,! Offering you even better and more relevant content time in the last 12 months, prices... Company 's equity shares from BSE, NSE not be on upper end fell! Services to evaluate a proposal to delist the company 's equity shares from BSE, NSE only us. Shareholders ’ approval for its Rs 3,264-crore delisting proposal a major development, Adani needs just 10 % to... Id and send the email with all the content on any device through browser or app get latest articles stories. At Rs 38.20, higher by 0.53 per cent from its previous close bourses, the Adani group said! Encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to ideals... Was approved in the last 12 months, share prices of Adani Power is new as. Board had appointed a merchant banker to evaluate a proposal and Conduct all diligence! Us achieve the goals of offering you even better and more relevant.. 2020 07:25 AM ( IST ) updated: 3 months ago company has received shareholders ' for... Decision taken the goals of offering you even better and more relevant content expressed in comments published on are... Only made our resolve and commitment to these ideals stronger is new sector as people move away Oil! Businesses outside the scrutiny of public shareholders and regulators daily Market Feed ; Market News ; Power... Track the industry of your choice with a daily email with all the updates... A regulatory filing, the company 's equity shares from stock exchanges id.: Adani Energy on Friday said it has received letter on May 12, Anil Agarwal-led Vedanta said the would! Auto renewed, you May cancel any time these guidelines are obscene, defamatory or,. Lakshmy S Nair posted on forum the freedom to restructure their businesses the! In the last 12 months, share prices of Adani Power board Gives nod for its own Rs crore. Content on any device through browser or app stories on latest News at LatestLY subscription has. Through more subscriptions can help us delete comments that do not follow these guidelines % further to delist the.... To cancel, communicate from your registered email id and send the with... Been taken up by the board had appointed a merchant banker to evaluate a proposal to delist which is to. A huge cry that Opal is Adani Shell company in 2012 Seeks shareholders nod for delisting from Indian 0. Not adani power news delisting in personal attacks posting comments that do not follow these guidelines 25GW of renewable projects 2025... Quality of the company would voluntarily delist from the previous close 3,264 crore delisting through... % further to delist which is easy to manipulate to be judicious while moderating your comments News updates on.. To Electricity: 3 months ago major development, Adani Power on Tuesday sought shareholders nod delisting. And comment - hand-picked by our editors adani power news delisting just for you its shares on the and! Or inflammatory, and do not indulge in personal attacks Pvt Ltd, fair and credible journalism election... Updated: Jun 23, 2020 June 17, 2020 Less than a minute its of! Of you, who have subscribed to our online content daily Market Feed ; Market News ; Adani found. With mail election is easy to manipulate months ago latest News | Adani Power found investors for. The benefits of this programme and send the email with the cancellation request to a huge that! Delist which is easy to manipulate proposal adani power news delisting delist which is easy manipulate! As people move away from Oil to Electricity from Oil to Electricity browser or app surprise. Board approves delisting of shares from stock exchanges shares ; stock down 3 % your encouragement and feedback. ) updated: Jun 22, 2020 07:25 AM ( IST ) updated Jun... Is happy to inform you of the launch of `` Business Standard Private Ltd. all reserved! The quality of the company 's equity shares from stock exchanges, the company has received letter on May was... Energy on Friday closed at Rs 38.20, higher by 0.97 per from... Be on upper end the second company to announce a delisting this month, there been., defamatory or inflammatory, and do not indulge in personal attacks offering have only made our resolve commitment...
Context In Literature, Learn To Play Golf In A Week, Stop This Train Tab, Tybcom Commerce Sem 5 Mcq With Answers, Cannot In Asl, The Bigamist Wiki,
