Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. New Delhi: Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. 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. In consultation with its lead managers, Adani Power has worked out the floor price of the delisting buyback at Rs.33.82 per share. Delisting price may surprise everyone and may not be on upper end. In total, Adani needs just 10% further to delist which is easy to manipulate. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. 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. A merchant banker has been appointed to finalise the delisting plan, the company informed the Indian bourses on Wednesday (3). Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Adani Power also said it will seek shareholders’ nod for delisting on the BSE and NSE through a postal ballot. Why sharing with Retailers, too. By: PTI | June 3, 2020 4:22 PM. We take the quality of the messages posted on forum as seriously as our articles. In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. In this video i have explained the process of Delisting and also given answer to very important question If I were asked then what would be my answer To join telegram -@threesix9 Or search 7 … Read more about Adani Power gets shareholders' nod for Rs 3,264-cr delisting proposal on Business Standard. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. The delisting of a security can be voluntary or involuntary and usually results when a company ceases operations, declares bankruptcy, merges, does not meet listing requirements, or seeks to become private. Power is new sector as people move away from Oil to Electricity. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. Read more about Adani Power board okays delisting from BSE, NSE; to seek shareholders' nod on Business Standard. Public shareholders hold 96,53,26,374 equity shares, which correspond to 25.03 per cent of the paid-up equity share capital Adani Power sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. If adani have to delist at this Price.. please inform WHY they Did Not do the same Delisting with Adani Green CMP 1040 earlier. There was a huge cry that Opal is Adani Shell company in 2012. The Adani group wants to delist Adani Power, whose board will meet on June 3 to consider the proposal.. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. 12.20 AM Dec 16th. Share: Written By: Zee Media Bureau. Adani Power has a power generation capacity of 12,410 megawatts across six states in India. 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. If approved, this will be the first time billionaire Gautam Adani will de-list a business.. 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. That also shot up in last year only. 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. Updated: Jun 22, 2020, 18:25 PM IST. Post. 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. 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. Post. adani power share price shocking news delisting | adani power share मैं shock लग सकता है सावधान - duration: 4:55. Shares of the company were trading at ₹38.35, up marginally by 0.92 per cent. 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. 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 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. 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. 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. rrb/sn/vd Adani Power shares declined up to 5 per cent intraday on Monday, but recovered to close at Rs 38.20 on the Bombay Stock Exchange, up 0.5 per cent. India Dhiraj Singh 1,101 views 4:55 Adani Power appoints merchant banker to evaluate delisting proposal . In all, Adani Power will buy 96.53 crore shares from the retail public and institutions for a value of Rs.3264 crore. Promoter hold 75% shares in adani power. 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 Delisting is the removal of a listed security from a stock exchange. –IANS. In the case of Vedanta and Adani Power, the last reason mentioned is a major reason. We take the quality of the messages posted on forum as seriously as our articles. 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. Adani Power will be 90 when it will be opened for delisting in Q4. Adani Power Adani Power board approves delisting of shares from BSE, NSE. The board of Adani Power has approved the delisting of the equity shares from the Indian stock exchanges. 7.19 PM Dec 12th . 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. 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 shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … Edited By: Reema Sharma @reema7sharma. Shares of Adani Power on the BSE on Friday closed at Rs 36.40, higher by 0.97 per cent from its previous close. We take the quality of the messages posted on forum as seriously as our articles. 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