Latest News | Adani Power Seeks Shareholders Nod for Delisting

New Delhi, Jun 23 (PTI) Adani Power on Tuesday sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot.

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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.

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The board of Adani Power had approved the proposal to delist company shares from stock exchanges on Monday.

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.

The promoter group collectively holds 2,89,16,12,567 equity shares of the company representing 74.97 per of the paid-up equity share capital.

Public shareholders hold 96,53,26,374 equity shares, which corresponds to 25.03 per cent of the paid-up equity share capital.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)