adani power share delisting date

We are likely to conclude delisting by December or till the end of this financial year,” Sardana said responding to a query. The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month. Promoters of the company hold 74.9% stake in the company. 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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. New Delhi: Adani Power on Monday said that its board has approved the proposal to delist the company's equity shares from stock exchanges. “Khargar-Vikhroli system which will bring for first time 400 kV supply to the city has been fast forwarded by the authorities. Overall, the proposal includes delisting of 96.53cr equity shares with the public for approximately Rs3,264cr. 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. For the half year ending September 2020, the company registered a PBT of Rs 2260 crore, During last year corresponding period, its PBT was Rs 36.23 crore. The board of Adani Power is scheduled to meet on Wednesday to consider the proposal for voluntary delisting of the equity shares of the company. Adani Power in July this year received the shareholders' nod for its Rs 3,264 crore delisting proposal. The company said the jump in profit is mainly on account of improved income.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The total income in the second quarter increased to Rs 8,792.28 crore from Rs 6,815.22 crore a year ago. The board of Adani Power had approved the proposal to delist … Mumbai Stock Market & Finance report, prediction for the future: You'll find the Adani Power share forecasts, stock quote and buy / sell signals below.According to present data Adani Power's Adani Power Ltd shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Share delisting is the removal of a listed … Kindly visit the Manage my subscription page to discover the benefits of this programme. 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. All the comments will be moderated by the editorial. This project has also been fast tracked. Adani Power | Q2 results | Delisting of shares, Shreya Jai  |  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. Adani Power promoters intend to buy back all shares of the company and delist it from the bourses. Copyrights © 2021 Business Standard Private Ltd. All rights reserved.   |  A+A A-, Adani Group Chiarman, Gautam Adani (File Photo| Reuters). Business Standard is happy to inform you of the launch of "Business Standard Premium Services". We, however, have a request. In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. Instead, the Board had appointed a merchant banker to evaluate a proposal and conduct all due diligence. This is in addition to the embedded system of 1,800 Mw,” said Sardana. ALSO READ: Adani's Australia coal unit back in the spotlight after name change. Your support through more subscriptions can help us practise the journalism to which we are committed. The proposal had been first introduced by one of APL’s promoter companies — Adani Properties Private Ltd (APPL) — late last month. Help us delete comments that do not follow these guidelines. reserves the right to take any or all comments down at any time. Shares of the company closed at Rs 37.70 on the Bombay Stock Exchange on Wednesday, having almost declined to its year’s high of Rs 73.75 that was touched in November last year. Topics Commenting on the power outage that Mumbai faced last month, Sardana said efforts are ongoing to boost the power supply capacity in the city. 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. Thousands gather in Haridwar, 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. Investors have lost more than 60% since the IPO price of Rs.100 per share … Mumbai: The board of Adani Power has approved delisting of its shares at a floor price of Rs 33.82 a piece, which is almost 11 per cent lower than share closing price on the bourses on Friday. Adani Power's delisting proposal is set at a floor price of Rs33.82 per share. In a regulatory filing on Friday, Adani Power said that the company has received letter dated May 29 from Adani Properties, a member of its promoter group, whereby Adani Properties … Retail shareholders who entered the stock at high prices, however, would be the biggest losers. This will add 1,000 Mw. 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 … Last Updated: 23rd June 2020 11:49 AM PTI July 24, 2020 / 09:42 PM IST ATL registered a loss before tax of Rs 3.96 crore during the second quarter of 2020-21, against Rs 9.43 crore loss before tax during corresponding period, last fiscal.

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