New, May 31 (PTI) Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Let's reshape it today, Hunt for the brightest engineers in India. Adani Power board approves delisting from BSE, NSE . Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Nifty 11,466.45 94.85. Don’t miss our simplified coverage of the Budget 2021-22. Adani Power's board at its meeting held on 22 June 2020 approved voluntary delisting of shares of the company from the stock exchanges. The company has worked out the floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. 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. Adani Power promoters intend to buyback all shares of the company and delist it. Financial Genius Says This Is The Best Place To Grow Your Money This Decade. Ozil, 32, has not played for Arsenal since last March and was left out of the their Premier League and Europa League squads at the start of the season. The facility of e-voting remained open from 24 June 2020 to 23 July 2020. In a BSE filing made after market hours on Friday (24 July 2020), the company said that the votes casted by the members in favour of the resolution were more than 75% of the total votes casted. Adani Trans +44.39% 5. Completion of delisting is subject to the final price and the ability of the parent, it said. 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. 'Eliminate hunger once and for all': nine Guardian readers on how they'd fix America, Three to increase pay-as-you-go roaming charges, Punjab CM launches COVID-19 vaccination drive in Mohali, See What Whole Mouth Dental Implants Should Cost, News18 Evening Digest: AIIMS Delhi Sanitation Worker Gets First Covid-19 Shot and Other Top Stories, 'Madam Chief Minister' was a learning experience: Richa Chadha, Deletion of police records led to ‘near misses’ on serious crimes. Mumbai, Jan 16 (PTI) Several doctors were administered COVID-19 vaccine in Mumbai on Saturday, with many of them saying that they wanted to dispel fear about the inoculation by volunteering to take the first doses. The company has worked out the floor price of Rs 33.82 per share. 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. Get 50% off. Will the FM cut taxes to boost the economy? 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 … Ltd. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Here is What Whole Mouth Dental Implants Should Cost You in Your Area. New Delhi: Adani Power on Monday said that its board has approved the proposal to delist the company's equity shares from stock exchanges. 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The board in its meeting on Wednesday appointed Vivro Financial Services Private. Foreign ministers of China and the Philippines on Saturday committed to prioritising post-pandemic recovery efforts as senior Chinese diplomat Wang Yi wrapped up a week-long visit to four Southeast Asian countries. 'Eliminate hunger once and for all': nine Guardian readers on how they'd fix America. 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. The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. Budget made easy! In total, Adani needs just 10% further to delist which is easy to manipulate. As many as 400,000 records scrubbed from national computer by accident. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. 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. Benchmarks . Chart Trends ... Adani Ent +100.15% 4. 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. Nifty 13,529.10 136.15. Mohali (Punjab), Jan 16 (ANI): Punjab Chief Minister Capt. 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 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. In … We will remove this and make the necessary changes. Today is the inaugural day of nationwide roll-out of vaccination. Benchmarks . No one broke filming restrictions for the scene. Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. PhD who called Dotcom Crash and housing boom just predicted the biggest financial shift in 20 years. The promoter group collectively held 289.16 crore equity shares or 74.97% stake while the public shareholders owned 96.53 crore shares or 25.03% stake in the company as on 30 June 2020. Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Nifty 11,516.10-88.45. On 29 May 2020, Adani Power had received a proposal from Adani Properties (APPL), a member of the promoter and promoter group of the company, for voluntary delisting the equity shares of the company from BSE and NSE. 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