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Adani Power gets shareholders' nod for Rs 3,264-cr delisting proposal

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

Adani's renewables and transmission businesses power group's growth story
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The board had approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd.

Press Trust of India New Delhi
Adani Power on Friday said it has received shareholders' approval for its Rs 3,264-crore delisting proposal. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited.

"...(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.

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

The company has worked out the floor price

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First Published: Jul 24 2020 | 9:11 PM IST

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