"...(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. From a shareholder’s perspective, a company which is delisting its shares voluntarily will keep its shareholders informed at different stages. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. 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. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Enjoy Reading! 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. 4.91%. View all . Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. 47.00. The Adani Group’s power arm, Adani Power has announced the appointment of Vivro Financial Services as the merchant banker to evaluate its proposal of delisting its equity shares from BSE and NSE. This will add 1,000 Mw. We take the quality of the messages posted on forum as seriously as our articles. Adani power delisting Adani power share delisting. Profile. Join us on Jan 21, 22 and 23, 2021 at the ANYBODY CAN TRADE 360° LIVE virtual event. Adani Power on Friday informed the exchanges it had received a delisting proposal from Adani Properties, which is a member of the promoter and promoter group. Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Commenting on the power outage that Mumbai faced last month, Sardana said efforts are ongoing to boost the power supply capacity in the city. 73.75 … Adani Power's delisting proposal is set at a floor price of Rs33.82 per share. Google - Adani Power gets shareholders nod for delisting. We are likely to conclude delisting by December or till the end of this financial year,” Sardana said responding … The Adani group announced its intention to delist its power utility last week, following Anil Agarwal announcing the delisting plans of Vedanta. 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. The post Adani Electrical power Ltd.: Adani Power receives shareholders’ nod for delisting appeared first on BuddyMantra News. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. The board had approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd. We take the quality of the messages posted on forum as seriously as our articles. or medium without express writtern permission of moneycontrol.com is prohibited. Read more. Financials. 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. As of on the National Stock Exchange of India ∙ Minimum 15 minute delay. The world may have come to a standstill but Adani Power will continue to illuminate millions of homes as India combats the darkness of COVID-19 outbreak. New Delhi: Adani Power on Saturday said electricity regulator MERC has passed two orders, which would enable its arm APML to claim revised compensation of higher coal from Maharashtra Electricity Distribution Company Ltd (MSEDCL). Mumbai: Adani Power’s agreement with AES OPGC Holding and AES India for acquisition of 49 per cent stake in the Odisha Power Generation Corporation (OPGC) has been cancelled as the Odisha government, which holds 52 per cent stake in OPGC has exercised the right of first refusal. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. It had also placed on record that APPL (Adani Properties Private Ltd) and other members of the Promoter Group or their related entities are in compliance with delisting regulations". Share price of Adani Power rose 9.89% to Rs 40 intra day against previous close of Rs 36.40 on BSE Adani Transmission Ltd (ATL), which is the transmission and distribution arm of the Adani Group also declared its Q2 results on Thursday. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. All Listings Adani Power promoters intend to buyback all shares of the company and delist it. Adani Power Delisting-Full Details || Explained by Vipul Kaushikk - YouTube. Ltd. If playback doesn't begin shortly, try restarting your device. 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. 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. The country’s financial capital faced a rare power outage on October 12 after a technical issue in the grid system hit power supplies. Key Developments. Adani Power promoters intend to buyback all shares of the company and delist it. Adani Power's share price has halved in the last twelve months from a high of Rs 73.75 to the current level of Rs 37.95. 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