adani power delisting

"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," Adani Power had said in a regulatory filing last week. 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. The Company has informed that after the receipt of the due diligence report from the merchant banker, the board will again meet to discuss the delisting proposal in detail. The Adani group wants to delist Adani Power, whose board will meet on June 3 to consider the proposal.. Adani Power has a power generation capacity of […] ................................ Advertisement ................................ 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Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of its shares from the exchanges during its board meeting scheduled on Wednesday. Adani Power's board at its meeting held on 22 June 2020 approved voluntary delisting of shares of the company from the stock exchanges. Mumbai: The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. We take the quality of the messages posted on forum as seriously as our articles. "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. 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. Track Latest News Live on NDTV.com. 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. Adani Power has a power generation capacity of 12,410 megawatts across six states in India. In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. Financials of Vedanta and Adani Power. In a regulatory filing, billionaire Gautam Adani-led firm said that the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. On Monday, its shares on the BSE closed at Rs 38.20, higher by 0.53 per cent from its previous close. The board of Adani Power has taken on record the delisting proposal letter and has appointed Vivro Financial Services Private as the merchant banker, reported the Economic Times. 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adani power delisting 2021