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IS ADANI POWER SHARES GOING TO BE DELISTED ?

Adani Power Ltd said that a larger part of its investors have passed a goal to intentionally DELIST the organization.

The force utility of the Adani Group said in a trade recording that almost 84% of its open institutional investors decided on the goal on July 23—around 96% of whom supported DELISTING . Among retail investors, the comparing figures remained at 56% and 98.5%, individually.

The organization said Adani Properties Pvt., an advertiser bunch substance, had on May 29 consented to obtain all value portions of the organization—having face estimation of Rs 10 each—from its open investors.

Adani Power’s promoters held 74.97% stake in the organization as on June, while the rest of with open investors, as per trade information.

Last DELISTING costs are dictated by an opposite book-building process and require endorsement from at any rate 90% of investors, as per Securities and Exchange Board of India’s guidelines.

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