Financials of Vedanta and Adani Power Hexaware Technologies, Adani Power and Vedanta are in the process of delisting from the pandemic-marred stock markets. 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. The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month. 73.75 to the current level of Rs. The company has worked out the floor price of ₹33.82 per share to buy 96.53 crore equity shares with the public for about ₹3,264 crore. Preliminary evidence suggests that companies report much higher leverage after being delisted, writes Suranjali Tandon. 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. In such cases, the delisting is absolutely justified as long as the existing shareholders are given a good price. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. At around 12.09 PM, the Adani Power stock was performing at Rs35.35 per piece higher by 1% on Sensex. Delisting price may surprise everyone and may not be on upper end. 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. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. New, May 31 (PTI) Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. In such cases, the delisting is absolutely justified as long as the existing shareholders are given a good price. The merchant banker appointed by the board earlier this month, stated in its report that "the delisting proposal is in interest of shareholders of the company.". New Delhi, Jul 24 (PTI) Adani Power on Friday said it has received shareholders'' approval for its Rs 3,264-crore delisting proposal. The board approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd. And it has every reason to smile. The floor price is the base price at which promoters intend to purchase … Adani Power surged 7.69percent to Rs 39.20 after the company said its board will meet on 3 June 2020 to consider a proposal to delist equity shares from the domestic stock exchanges. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. Price target in 14 days: 61.381 INR. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. Adani Power's share price has halved in the last twelve months from a high of Rs 73.75 to the current level of Rs 37.95. Adani Power gets shareholders' nod for delisting Earlier in May, the APPL had proposed the delisting of the company from stock exchanges. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. That compares with the BSE Power Index’s 5% gain during the same period. With the delisting promoters seek the freedom to restructure their businesses outside the scrutiny of … The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. 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