Copyright © HT Digital Streams Limited All rights reserved. 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 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. 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 … The board had approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd. Your session has expired, please login again. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. County Judge Ricardo Samaniego announced the measure during a virtual news conference Thursday, Oct. 29. 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. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. 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. –IANS. At the time of approving delisting proposal last month, the board had also "took on record the letter dated June 22, 2020 from APPL informing that as per the certificate dated June 22, 2020 issued by Dharmesh Parikh & Co. Chartered Accountants Rs 33.82 is the floor price per equity share". 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. NEW DELHI : The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said … 12.20 AM Dec 16th We take the quality of the messages posted on forum as seriously as our articles. The merchant banker appointed by the board earlier in June had stated in its report that "the delisting proposal is in interest of shareholders of the company". Reports suggest that promoter are willing to delist the company that means they will buy 25% shares which public hold. Adani Power’s board of directors had approved the delisting proposal by group company Adani Properties Pvt Ltd. "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 on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. or medium without express writtern permission of moneycontrol.com is prohibited. "...(delisting) resolution as set out in the notice has been passed with the requisite majority on July 23, 2020, being the last date specified for remote e-voting," a regulatory filing stated. Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. The report had also stated that the company is in compliance with applicable provisions of securities law for delisting. 172@29@17@102!~!172@29@0@53!~!|news|business|markets|adani-power-gets-shareholders-nod-for-delisting-5595321.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, After long journey, Fiat Chrysler and PSA seal merger to become Stellantis, RBI likely to propose stricter rules for shadow banks, TRP scam: Ex-CEO Partho Dasgupta of BARC hospitalised, PM Modi launches India’s massive COVID-19 vaccination drive, Phishing alert! 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. Reproduction of news articles, photos, videos or any other content in whole or in part in any form 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. DALLAS, Texas – The latest ranking of global solar companies by Mercom Capital ranks the Adani Group as the #1 global solar power generation asset owner in terms of operating and off-taker contracted solar projects. Here are ways to check status. 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 it from the bourses. Copyright © e-Eighteen.com Ltd. All rights reserved. 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