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Adani Power on Friday said it has received shareholders' approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, a regulatory filing stated. According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The voting period began from 9 am on August 6, and ended at 5 pm on September 4. The company explained that the board, at its meeting on August 1, 2025, approved and recommended the share split to facilitate greater participation from retail and small investors. There will not be any change in the amount of authorised, issued, subscribed and paid-up share capital of the company on account of sub-division/split of the equity shares, it had stated. The record date for the sub-division of
Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a
Vedanta Ltd has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies, according to a stock exchange filing by the company. The demerger was approved by 99.99 per cent of shareholders, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Limited who voted in favour of the demerger, as per the stock exchange filing made by the company. According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process. The five companies are Vedanta Aluminium, one of the world's largest producers of aluminium; Vedanta Oil & Gas, India's largest private-sector crude oil producer; Vedanta Power, one of India's largest generators of power; Vedanta Iron and Steel - a company with a highly scalable ferrous portfolio; and Vedanta Limited which will include the ...