Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. A total of 772,904 shares changed hands on the counter till 11:30AM (IST). A few days back Billionaire Gautam Adani led Adani Power announced its intention to delist the company’s shares from Indian stock exchanges with its promoter firm Adani Properties, proposing to buy out the company’s publicly listed shares. 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The … The only question should be if the company has been run well from ipo date till date to command good valuation. 7.40 AM Dec 29th. The company has worked … Farmer leader Joginder Singh Ugrahan told reporters after the meeting that the unions urged the govt to repeal the three laws, but the ... Is ageing workforce holding back economic growth? Choose your winners rationally in 3 simple steps! Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Choose your reason below and click on the Report button. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Latest News | Adani Power Seeks Shareholders Nod for Delisting. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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. 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. If you are a shareholder, the promoter will have to buyback the minority shareholders shares to delist. Or if they want to delist at any cost, then they should pay minimum IPO price all the years they have benifited by IPO price & created a company which the promoters only will get benifits so A substantial premium amount also should be given above the IPO price. The billionaire-Gautam Adani led company said its board has taken on record the delisting proposal letter and has appointed Vivro Financial SeNices Private as the merchant banker. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. The offer to delist will increase the price of the share. Adani Power bags 3 transmission projects, Sterlite Grid gets 1 "Adani Power has been the lowest bidder for three power transmission projects -- Chhattisgarh A, Chhattisgarh B and Sipat. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Get latest articles and stories on Latest News at LatestLY. Get latest articles and stories on Latest News at LatestLY. 15 Adani Power promoters intend to buyback all shares of the company and delist it. Hope action is taken on companies like Vedanta & Adani Power. Tomorrow is different. SEBI should take note of this & create rules/laws on opportunistic delisting. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Sebi must modify rules to protect at least a capital of small shareholders. Maruti Suzuki India on Wednesday said its total production in September increased 25.63 per cent to 1,66,086 units. Confidence building takes years and with this type of maneuver retail investors feel powerless. 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. 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 … India’s fifth richest man, Gautam Adani, is considering taking his energy utilities firm, Adani Power off the stock markets. Adani Power board approves delisting of shares; stock down 3% 22 Jun, 2020, 03.49 PM IST In a regulatory filing, billionaire Gautam Adani-led firm said the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. For reprint rights: Govt-farmer meeting ends; Next round on Jan 19, Form groups to frame proposals: Govt to farm leaders, Vaccine poll shows mistrust of Russia, China shots, Pfizer vaccine deliveries delayed inEurope, The Economic Times Digital Payments Forum, Looking at the Sensex, one thinks problems are over. The Economic Times Digital Payments Forum, Which investment approach really suits you? Latest News Opinion TECHNOLOGY Personal Tech Auto ... Google - Adani Power gets shareholders nod for delisting. For reprint rights: Small Share holders are feeling duped. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Disclaimer : The views expressed in the forum are the … Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited. Find Adani Power Shares Latest News, Videos & Pictures on Adani Power Shares and see latest updates, news, information from NDTV.COM. ADANIPOWER, BSE:533096- Keep track of all breaking news on Adani Power Ltd. from all sources at a single place. Days Trial. Adani Power in July this year received the shareholders' nod for its Rs 3,264 crore delisting proposal. Expected much better from Adani Group. Explore more on Adani Power Shares. 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. Days Trial This is the first attempt by a private equity firm to take its listed company private. Latest Adani Power Ltd News and Updates, Special Reports, Videos & Photos of Adani Power Ltd on The Hindu BusinessLine. Adani Power board approves delisting from BSE, NSE In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. NEW DELHI : The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said … Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Let's reshape it today, Hunt for the brightest engineers in India. Purchased in 2009 at 100/- now after 11 years getting only 35/-. The company has announced delisting of shares at a floor price of ₹ 33.82 Major price swings over the past two months in the stock of Adani Group's power arm, Adani Power … This was the first time, provision of counter-offer was used ... Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited. Shares of the company were trading at Rs 37.85 apiece on BSE in afternoon session, down … 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 … They are just starting: Raghuram Rajan, Invesco India Largecap Fund Direct-Growth, Why technology is the only path to sustained growth for MSMEs, Rakesh Jhunjhunwala books profit in this top tractor maker, Raghuram Rajan's 10-point guide on what will and won't work for India in a pandemic, IRFC IPO: Grey market premium tepid, but brokers say issue attractive, India's medium-term growth to slow to around 6.5% after initial rebound: Fitch, Middle class set to gain from higher tax deductions likely in Budget 2021, SBI MF dumps Bandhan Bank and metal biggies, bets on debutants, Indigo Paints fixes IPO price band at Rs 1,488-1,490; grey market premium @ 60%, Stocks in the news: SAIL, Infosys, HAL, Wipro, Adani Green & IndusInd Bank, Petrol, diesel prices hiked again, scale new highs, OnePlus Band, firm’s first-ever wearable device, helps in monitoring SpO2 level. about 7 mins 57 sec ago. Latest News | Adani Power Gets Shareholders' Nod for Delisting. Latest News Opinion TECHNOLOGY Personal Tech Auto Fintech MEDIA ... 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. A total of 565,112 shares changed hands on the counter till 10:57AM (IST). Spokeswomen for Oracle and Diageo did not immediately reply to the emails seeking comments. This will alert our moderators to take action. Promoters usually raise stake when valuations are stressed, according to bankers. We take the quality of the messages posted on forum as seriously as our articles. Why follow tips? Inciting hatred against a certain community, 15 In a regulatory filing, billionaire Gautam Adani-led firm said the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. No one is snatching shares from you. Articles on delisting, Complete Coverage on delisting The move will enhance its operational, financial and strategic flexibility. “Delisting is … Mumbai: Billionaire Gautam Adani plans to delist his group’s power utility, Adani Power NSE 0.70 % close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. NSE -0.62 % Adani Power promoters intend to buyback all shares of the company and delist … The board in its meeting on Wednesday appointed Vivro Financial Services Private. Going Reliance Power way, where almost entire capital has been lost by Shareholders. A total of 1,273,815 shares changed hands on the counter till 10:58AM (IST). Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth. COMPANIES IN NEWS Adani Power Board Gives Nod for Delisting from Indian Bourses 0 82 Less than a minute 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. Post. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum. Adani Power has lost 39% of its market value so far in 2020. Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. If you do not want to sell your shares at offer price, you have a choice. Download The Economic Times News App to get Daily Market Updates & Live Business News. Post . Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Adani Power issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited, a regulatory filing stated.The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. SEBI should have some strong rules not to allow companies to get delisted for some flimsy reasons & benifitting from the down trend. Adani Power Ltd. - Latest news, views and updates Markets Today I am reading very absurd comments. Note the promoter already holding almost 75%, it is more in their interest that share price does well. Tomorrow is different. Completion of delisting is subject to the final price and the ability of the parent, it said. Your Reason has been Reported to the admin. 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. Latest delisting News and Updates, Special Reports, Videos & Photos of delisting on The Hindu BusinessLine. both from BSE and NSE. Investors can tender their shares from July 16 to July 22. As on June 1, the promoter group of Adani Power … We take the quality of the messages posted on forum as seriously as our articles. The company had suffered a … The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday. Sterlite Grid is the lowest bidder for Maheshwaram transmission project," a source said. New Delhi: Adani Power on Monday said that its board has approved the proposal to delist the company's equity shares from stock exchanges. Jul 15, 2015, 19:43 PM IST Stocks in the news: TCS, RIL, Wipro, SBI, Adani Power, Bandhan Bank and Vedanta The Chairman of Adani Power is an opportunist.During the time of downtrend of Share market,he is taking advantage of low share prices & getting Company delisted, wherein the only persons benifitting are the promoters. Adani Power registered a profit before tax of Rs 2893 crore during the second quarter of the current financial year ending September 2020. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. , '' a source said, Adani Power Gets shareholders ' approval its... Flimsy reasons & benifitting from the down trend Reliance Power way, where almost entire capital has been by! Entire capital has been run well from ipo date till date to command good valuation of. Grid is the lowest bidder for Maheshwaram transmission project, '' a source.... 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