Adani Power Board okays delisting plan

Tribune Web Desk

Updated At : 12:55 PM Jun 23, 2020 IST

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New Delhi, June 22

The Board of Adani Power has approved a proposal to delist company shares from stock exchanges, the firm said on Monday. 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. In a filing, the firm said it will seek shareholders nod for delisting from the BSE and the NSE through a postal ballot. The Board approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd. PTI

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