Reports suggest that promoter are willing to delist the company that means they will buy 25% shares which public hold. Promoter hold 75% shares in adani power. Adani Power share price gained nearly 10% today after the firm said it would consider delisting of its stock from the bourses during its board meeting scheduled on Wednesday. The Adani group wants to delist Adani Power, whose board will meet on June 3 to consider the proposal.. If approved, this will be the first time billionaire Gautam Adani will de-list a business.. Adani Power on Friday informed the exchanges it had received a delisting proposal from Adani Properties, which is a member of the promoter and promoter group. India Matters. In Reply to : Aaarkaay on | Adani Power will be 90 when it will be o.. The power generation firm’s board is set to meet on 3 June to consider the delisting proposal.Adani Power’s share price has halved from a high of ₹73.75 to the current level of ₹36.40 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. 12.20 AM Dec 16th. Karnataka origin Dr Vivek Murthy to head Covid task force under Biden Parties on edge as many Bihar seats to … Adani Power will be 90 when it will be opened for delisting in Q4. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. "Meeting of board of directors of Adani Power to be held on June 3, 2020 to consider the proposal for voluntary delisting of the equity shares of the company received from Adani Properties and related matters incidental thereto," the company said in a regulatory filing. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Read more about Adani Power board okays delisting from BSE, NSE; to seek shareholders' nod on Business Standard. Adani power delisting Adani power share delisting. Post. Adani Power sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. ... Delisting floor price is 33.82 so operators are bringing the stock price down ..Well we can see whether it will hit 90 or not.. Adani Power’s Board will meet on June 3, to consider the proposal for voluntary delisting of the equity shares of the Company received from Adani Properties Private Limited, the company said. The company has worked out the floor price of an equity share of Rs 33.82 to buy 96.53 crore scrips with the public for about Rs 3,264 crore 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.