Markets

Adani Power board approves delisting plan

Our Bureau Mumbai | Updated on June 22, 2020 Published on June 22, 2020

The Adani Power board has approved a proposal to delist the company's equity shares from stock exchanges. The company has worked out the floor price of an equity share at ₹33.82 to buy 96.53 crore shares with the public for a sum of ₹3,264 crore, it said in a filing to the exchanges.

Adani Power also said it will seek shareholders’ nod for delisting on the BSE and NSE through a postal ballot.

Shares of the company were trading at ₹38.35, up marginally by 0.92 per cent.

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Published on June 22, 2020
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