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. Remove some to bookmark this image. In an exchange notification after the board meeting, the company said the floor price of ₹33.82 was arrived at in accordance with "Regulation 15(2) of the SEBI Delisting Regulations read with Regulation 8 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011". For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ... Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. Earlier, on June 3, the board of directors of Adani APL considered the proposal for delisting of APL shares from stock exchanges and approved the appointment of Vivro Financial Services, a Category-I merchant banker registered with the Securities and Exchange Board of India (SEBI) to carry out the due diligence process. Adani power is delisting at Rs. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. Log in to our website to save your bookmarks. 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 … 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. Kumbh Mela 2021: Over 7 lakh devotees take holy dip in Ganga in Haridwar, BSP to go solo in UP, U'khand Assembly polls, says Mayawati on birthday, Farm laws: No breakthrough in govt-farmers meet, next round of talks on 19 Jan, EU nations say Covid vaccine rollout is slow with uncertain timetables: Report, The shares fell nearly 3% following the news. Looks like you have exceeded the limit to bookmark the image. Board gives nod for delisting of shares at a discount of 12% from Monday's closing price Share. India is ready with two vaccines to beat the deadliest virus of recent times. Indian researchers are working on cells that can store more energy, last longer. The shares fell nearly 3% following the news. Experience cleaner site with zero ads and faster load times. It'll just take a moment. Please Subscribe to get access to one of our early bird packs. 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. The company had, on Saturday, announced that its promoters had set the floor price for delisting at Rs 92.58 — 19 per cent lower than Allcargo’s last closing of Rs 114.5 on Monday. APL shares ended the trading session on Monday at ₹38.20 after the announcement. 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. Join Mint channel in your Telegram and stay updated with the latest business news. And it has every reason to smile. The board has subsequently granted approval to the delisting proposal and consequent voluntary delisting of the equity shares of Adani Power in accordance with SEBI Delisting Regulations. The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month. The board of directors approved the floor price for delisting of shares at ₹33.82 per share. The company has worked out the floor price of Rs 33.82 per equity share to buy 96.53 crore shares from the public for about Rs 3,264 crore. The … Retail shareholders who entered the stock at high prices, however, would be the biggest losers. Price when posted : NSE: Rs. However, the share value rebounded on intraday to close at Rs 38.20 which is 0.5 per cent high. The company has worked out the floor price of Rs 33.82 per Earlier, promoters of Adani Power intend to buyback all shares of the company and delist it from the bourses. The board of directors approved the floor price for delisting of shares at ₹33.82 per share. 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. Mumbai, June 22 The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82.. On Monday, its shares on the BSE closed at Rs 38.20, higher by 0.53 per cent from its previous close. Like. The company has a power generation capacity of 12,410 megawatts across six states in India. To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. NEW DELHI : The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. In the last 12 months, Adani Power’s share price has halved from a high of ₹73.75, making delisting by the promoter group an attractive and affordable option. However, the company said it will seek shareholders’ approval for delisting from the two bourses through a postal ballot. . Click here to read the Mint ePaperMint is now on Telegram. 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