15 Nifty 11,516.10-88.45. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. "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 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. Choose your winners rationally in 3 simple steps! Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Days Trial. Apollo Hospital 1,777.10 88.2. Mar 01, 2017, 15:52 PM IST adani power share price shocking news delisting | adani power share मैं shock लग सकता है सावधान - duration: 4:55. Adani Gas +131.62% 3. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. Business News » Markets News Burger King, SBI Life, HDFC Life, ICICI Prudential Life to Adani Power - here are top Buzzing Stocks today Technology stocks were the lead Nifty 50 gainers, with Infosys, Wipro & HCL Tech, and rising 4.55%, 4.02% and 3.87% respectively. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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. However, the Supreme Court order limits the interest rate applicable on delayed payments by DISCOMs at SBI Prime Lending Rate, with a cap of 9% per annum, to be compounded annually instead of monthly compounding. 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. Facebook Twitter LinkedIn WhatsApp Telegram Share via Email. The proposal had been first introduced by … All News Author. Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … It closed 8.65% higher at Rs 39.55 on BSE. Adani Green +1029.48% 2. Your Reason has been Reported to the admin. Announcements made in the month of May by Vedanta and Adani Power livened the debate on whether delisting the stock at a time of distress in asset markets can extend an undue advantage to the promoters. The board of Adani Power Ltd (APL), a part of the diversified Adani Group, has provided its consent on the proposal for delisting of the company’s equity shares from the stock exchanges i.e. Adani Green has set a target of 25GW of renewable projects by 2025. The delisting rules should be more stringent and delisting should be allowed only in rare/exceptional cases. 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 board approves voluntary delisting with floor price of Rs. Share price of Adani Power rose 9.89% to Rs 40 intra day against previous close of Rs 36.40 on BSE. Not fare I bought this share in the range of INR70, They are looting retail investors. 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. Shares of Adani Power on the BSE on Friday closed at Rs 36.40, higher by 0.97 per cent from its previous close. This will alert our moderators to take action. 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. 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 … 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. Adani Power board approves delisting from BSE, NSE ... Markets Today . Adani Ent +100.15% 4. “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 … The stock has gained 9.71% in two days. 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. 33.82/share. Hindi; Gujarati; Specials. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. June 22, 2020. The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. 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. However, the stock has gained 25% in one month. Download The Economic Times News App to get Daily Market Updates & Live Business News. Adani Power's delisting proposal is set at a floor price of Rs33.82 per share. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. India Dhiraj Singh 1,101 views 4:55 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. 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 board of Adani Power is scheduled to meet on Wednesday to consider the proposal for voluntary delisting … +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. –IANS. Our Bureau Ahmedabad | Updated on December 15, 2020 Published on December 15, 2020 The company has announced delisting of shares at a floor … 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. Many eyebrows are raised over Gautam Adani-led Adani Power’s decision to go ahead with the delisting of its shares from stock exchanges.This decision is going to be a huge loss to public investors who constitute around 25% of the total number of shares in Adani Power, which started at Rs.100 in 2009 and reached Rs.137 in 2010 and is currently trading around just Rs.38. 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 … 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 has expressed its intention, to acquire all equity shares of the Adani Power held by its public shareholders, either by itself or together with other members of the Promoter Group. Why follow tips? 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. 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. 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 … Performance of Subsidiary Companies of Adani Group Over The Last One year. Market cap of the firm rose to Rs 15,254 crore. 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. The … 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. 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. New Delhi: Adani Power on Monday said that its board has approved the proposal to delist the company's equity shares from stock exchanges. 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. Adani Power approves delisting of equity shares at Rs 33.82. ALSO READ: Adani's Australia coal unit back in the spotlight after name change. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Adani Power on Wednesday claimed that its thermal unit at its 4,620 MW Mundra power plant has created a national record by running continuously for 600 days and generating 4,142.56 units of electricity. ATL registered a loss before tax of Rs 3.96 crore during the second quarter … 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. Spokeswomen for Oracle and Diageo did not immediately reply to the emails seeking comments. The order allowed Adani Power Rajasthan Limited (APRL), a wholly owned subsidiary of the Company, to recover compensatory tariff from DISCOMs as per APTEL order of 14th September 2019. The company has worked out the floor price of … 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. Latest News. Adani Power promoters intend to buyback all shares of the company and delist it. Having issued the shares in IPO at Rs.100 to investors and then offering RS.33.80 to them during the slump time when the country is facing pandemic crisi is swindling/looting the investors. 1. 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. 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. 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.