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. ALSO READ: Adani's Australia coal unit back in the spotlight after name change. Adani Power board approves delisting from BSE, NSE ... Markets Today . Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … Share price of … Adani Power board granted approval for the voluntary delisting of the equity shares of the company from the stock exchanges, subject to the necessary approvals. Adani Ent +100.15% 4. Adani Green +1029.48% 2. 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. The … Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … Apollo Hospital 1,777.10 88.2. NSE Gainer-Large Cap . Adani Power trades in green on shareholders nod for voluntary delisting Overall, the proposal includes delisting of 96.53cr equity shares with the public for approximately Rs3,264cr. The stock stands higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages. 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 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. 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. 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. It is a highly unethical game by industrialists and a corporate malpractice which should not be allowed by SEBI. “Delisting is … Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares… Follow Us On Google News . 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. This is at a … Farmers' Protest News LIVE UPdates: SC to pronounce orders on farm laws, farmers' protests today; stir enters 48th day Coronavirus News LIVE Updates First Covishield vaccines consignment leaves Serum Institute ahead of January 16 rollout Sputnik V applies for Phase III clinical trials in India: Report View More News English. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. In the delisting proposal letter, Adani Properties, promoter of Adani Power, expressed its intention to buy all equity shares of the company held by public shareholders. 0 79 Less than a minute. The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. 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. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Adani Power to pay Rs 33.8 per share to delist. Your Reason has been Reported to the admin. Each share has a face value of Rs 10. 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 to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Inciting hatred against a certain community, 15 Mar 01, 2017, 15:52 PM IST Adani will learn today if it has the final state approval it needs to get on with building its Queensland coal mine amid fears for a million-year-old ecosystem. SEBI must ensure that interest of the investors is fully protected. Overall, the proposal includes delisting of 96.53cr equity shares with the public for approximately Rs3,264cr. However, the stock has gained 25% in one month. It closed 8.65% higher at Rs 39.55 on BSE. Latest News. Investors have lost more than 60% since the IPO price of Rs.100 per share without taking into account the time value of money over the last 11 years and will never have the … The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. The board of Adani Power is scheduled to meet on Wednesday to consider the proposal for voluntary delisting … Disclaimer : The views expressed in the forum are the views of the user writing the post, and not that of moneycontrol.com.You agree, by accessing this forum, that moneycontrol.com bears no liability for any posts on this forum or, any losses suffered by following any advice posted on this forum.moneycontrol.com operates this real time, open, unmoderated, private forum for users to … Adani Power Share Price, Adani Power Stock Price, Adani Power Ltd. Stock/Share prices, Adani Power Ltd. Live BSE/NSE, F&O Quote of Adani Power Ltd. with Historic price charts for NSE / BSE. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. The board approves voluntary delisting with floor price of Rs. Our Bureau Ahmedabad | Updated on December 15, 2020 Published on December 15, 2020 The company has announced delisting of shares at a floor … Disclaimer : The views expressed in the forum are the views of the user writing the post, and not that of moneycontrol.com.You agree, by accessing this forum, that moneycontrol.com bears no liability for any posts on this forum or, any losses suffered by following any advice posted on this forum.moneycontrol.com operates this real time, open, unmoderated, private forum for users to … Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. @marketstodays. 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 Economic Times Digital Payments Forum, RIL now 60th most-valued firm in the world; climbs 13 places from 2019, Sebi allows InvITs, REITs to conduct unitholders meeting through video conferencing, other audio-visual means, Fitch revises Bharti Airtel outlook to negative; affirms at 'BBB-', Initiative to support fresh talent in India and the UK, NYSE reverses again with plan to delist China telecom firms, NYSE mulls reverting to original plan to delist China shares, NYSE scraps plan to delist shares of Chinese telecom giants, China says it will take action against US delisting of its telcos. Adani Power shed 0.92percent to Rs 37.65 after the board approved the proposal to voluntarily delist shares at a floor price of Rs 33.82 per share. NEW DELHI : The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. “The meeting of board of directors of Adani Power to be held on Wednesday, June 03, 2020 to consider the proposal for voluntary delisting of the equity shares of the Company … At 1.10 pm, Adani Power was trading at Rs. Shares of Adani Power rose 10 per cent to Rs 40 on the BSE on Monday after the Gautam Adani- promoted electric utilities company said its board will meet to consider delisting the company from the stock exchanges. Unit-4 at Mundra plant runs for record 600 days: Adani Power. Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Adani Trans +44.39% 5. Shares of Adani Power on the BSE on Friday closed at Rs 36.40, higher by 0.97 per cent from its previous close. All News Author. Days Trial. The proposal had been first introduced by … 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 Gas +131.62% 3. 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 has lost 39% of its market value so far in 2020. 15 French power company ‘Total SE’ has invested Rs 3,370 crores to form a joint venture with Adani. Choose your reason below and click on the Report button. Market cap of the firm rose to Rs 15,254 crore. Benchmarks . Adani Power's delisting proposal is set at a floor price of Rs33.82 per share. 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