It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is languishing at around Rs.38 per share. Hence, the Promoters’ attempt to delist the Company’s shares by buying the public float at a time when its share price is around Rs.40 per share, which translates to a Market Cap of just Rs.15,500 crores is an attempt at daylight robbery. Adani Power share price high is about -100% of the candle stick body. On Monday, Adani Power shares surged 10% as Gautam Adani declared that he plans to delist his group's power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting … | Wipro Should Listing Against Shares be banned? as per a Mint report several companies shall consider delisting as depressed valuation will make such companies private. Get … Another reason is that they smell a scam. Kindly follow our. It is noteworthy that the company has obtained certain favorable judgments on various disputes pertaining to their PPAs (Power Purchase Agreements) with Gujarat discoms, Haryana discom, Maharashtra discom, and Rajasthan discom. Tower damage case: Airtel writes to Telecom Dept, says Jio’s charges against it baseless, outrageous. | GOLD A meeting was held on June 3 to engage Merchant Bankers to look into the delisting procedures. Bye all, have a good weekend .. logging out from Mmb as battery running out , no power last 4 hrs .. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. At the IPO price of Rs.100 per share, the Market Cap of the company was Rs.38,800 crores. Many shareholders to approach SEBI against... At last CBI books Adani Enterprises for irregularities in the coal supply contract, Major Gaurav Arya on China, Xi’s future as Premier, LAC violations, Hong Kong and CPEC. I wonder the one who has written the article know anything about Delisting process itself. We have our guest Sridhar Chityalaji. | GAIL Adani Power said the delisting proposal is in the interest of the shareholders of the company. We take the quality of the messages posted on forum as seriously as our articles. The Chairman of Adani Power is an opportunist.During the time of downtrend of Share market,he is taking advantage of low share prices & getting Company delisted, wherein the only persons benifitting are the promoters. Sree Iyer: Hello and welcome to episode 74 of Daily Global Insights. With a 5-year investment, the revenue is expected to be around +42.46%. | HCL Tech | Bharti Airtel | Nifty 50 37.80, making delisting an affordable option for promoters. Your current $100 investment may be up to $142.46 in 2025. Namaskar Sridharji... Why is Adani Power delisting shares? Massive sums have been borrowed by all of these 10 large borrowers and many others like Jet Airways, Bhushan Steel, Kingfisher, etc backed by such sub-standard security of pledged shares. Considering that the public float in the company is 25%, it means that the public will be defrauded of Rs.5,850 crores (25% of 38,800 less 15,500) plus interest. Adani Green has a market capitalization of Rs 1.75 lakh crore. | Bank Nifty This is episode 73, 13th Jan 2021. In case of delisting of Adani Power shares, given the low valuations due to market correction in March 2020, it can be considered as an attempt by the promoters to increase their stake at attractive prices. What are the reasons behind this delisting? The billionaire-Gautam Adani led company said its board has taken on record the delisting proposal letter and has appointed Vivro Financial SeNices Private as the merchant banker. One Lakh crore and is in the doubtful or possibly NPA category. | Other Market Topics Anil Agarwal-led Vedanta Resources and HT Global IT Solutions Holdings have announced delisting of their Indian subsidiaries - Vedanta and Hexaware Technologies, respectively - amid a slump in share prices and easing of delisting norms in the recent past, while Gautam Adani-led Adani Power is also mulling a similar move of promoter buying out shares. Investors trusted them while subscribing in IPO and they have messed up with the Fund . So as the current share price is around Rs.38, this Loan Against Shares is not attractive and Adani Group might be planning to delist and get out of the control of Stock Exchanges and wanted to hype its share value. Many eyebrows are raised over Gautam Adani-led Adani Power’s decision to go ahead with the delisting of its shares from stock exchanges. 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. Indian Banks gross NPA may rise to 14.8 percent warns RBI. | 3i Infotech It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is languishing at around Rs.38 per share. Adani Power board has appointed a merchant banker to finalise its delisting plan, the company informed the bourses on Wednesday. APPL had proposed a floor price of Rs 33.82 per share, and would pick up buy 96.53 crore equity shares currently with the public for about Rs 3,264 crore. | Kotak Mahindra The delisting is an absolute inefficiency of Adani House . Majority of NPA belong to Corporate Houses. You have entered an incorrect email address! Farmers' Protest: Stalemate continues; Centre offers amendments, unions adamant on repeal of farm laws, COVID-19 Vaccination in Mumbai: From where to how; all you need to know, Webinar Presented by Knowlarity & Freshworks. Adani Power share price … Once the official delisting proposal is … Adani Power shed 0.92percent to Rs 37.65 after the board approved the proposal to voluntarily delist shares at a floor price of Rs 33.82 per share. Taking cognizance of the announcement the Adani Power shares surged 8.14% on Sensex to trade Rs 39.20 per share. 73.75 to the current level of Rs. ATL registered a loss before tax of Rs 3.96 crore during the second quarter … Mumbai: The board of Adani Power NSE 1.91 % has approved delisting of its shares at a floor price of Rs 33.82 a piece, which is almost 11 per cent … 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. A very... Social media giants like Twitter, Facebook and Instagram banned Trump “Adani Group had come out with the IPO of Adani Power in August 2009 at the issue price of Rs.100 per share. Social Media censorship in US is a major warning to India. Price when posted : NSE: Rs. Based on our forecasts, a long-term increase is expected, the "Adani Power Ltd" stock price prognosis for 2025-12-23 is 71.303 INR. Many corporate experts told PGurus that the company promoters would like to acquire the publicly held 25% shares at a very cheap price. Though hyping share value after delisting can make them eligible for taking further loans, say Corporate experts. they have merged Cairn Energy a listed entity which has huge assets and now wanted to corner by delisting at a price tag of Rs.87 where the intrinsic value of physical assets alone will be in Billions. “Adani Group had come out with the IPO of Adani Power in August 2009 at the issue price of Rs.100 per share. MUMBAI: Investors in Adani Power are a disappointed lot as the company's board on Monday set the floor price for delisting of shares at ₹ 33.82 apiece, nearly 11% below the market price. As a regulator, the Stock Exchange Board of India (SEBI) has to protect the common investors, they say. Investors have lost more than 60% since the IPO price of Rs.100 per share without taking into account the time value of money over the last 11 years and will never have the ability to recoup their losses if approval for the delisting is granted. 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. Here the billion-dollar question is what is in the mind of Gautam Adani during the Covid-19 hit economy. In the last 12 months, share prices of Adani Power fell from a high of Rs. Your permanent Nickname can be distinct from your username and no one need know the link between the two. 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. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Copyright © e-Eighteen.com Ltd All rights resderved. Even if the public shareholding is minor, listing should not be a tool in the hands of promoters to have the cake and eat it too. I am not aware of an area called Vadra Pradesh! Interesting last hr . In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. Gautam Adani has said the company Adani Power will go in for delisting from the stock exchange. In coming days I will sell all my holding in Adani Group Companies . | Future Retail This drop in the share prices has made delisting by … What about the Senate? | PNB Reproduction of news articles, photos, videos or any other content in whole or in part in any form At last K D Singh, the money laundering businessman cum politicians and ex-Rajya... Sree Iyer: Namaskar, hello and welcome to PGurus Channel. If shareholders object to the timing of delisting and the share price, they have recourse. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. | SAIL | Indiabulls Hsg Even at a conservative interest rate of 10% per annum with compounding over last 11 years (i. e. since the time of IPO in August 2009), gullible investors will have been fleeced by more than Rs.15,000 crores by the Promoters of Adani Power if the attempt to delisting is approved. Iran close to building a nuclear weapon. Adani Group was involved in the Loan Against Shares (LAS) scheme and got huge amounts of loans from Public Sector Banks. Latest Adani Power candle stick is a bullish candle, with a length of 3.13% High made is about 0% above the closing. SEBI should not allow delisting as a routine matter. The recent events on how the US President Donald Trump and conservatives are being treated... K D Singh in trouble after caught for cheating, arrested by ED What is the world thinking? The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. Adani Power in July this year received the shareholders' nod for its Rs 3,264 crore delisting proposal. Arrests of rioters... Abhijit Iyer-Mitra on gagging of free speech by Social Media & masterly inactivity by... Mukesh Ambani’s Reliance Jio expected to pay Anil Ambani’s RCommm’s dues... NDTV Director KVL Narayan Rao admits guilt of illegal money routing... Chidambara Rahasya – Details of huge secret assets & foreign bank... Tablighi Chief Maulana Saad who preaches a simple lifestyle caught with... Italian Court judgment exposing Sonia Gandhi & Manmohan Singh in AgustaWestland... London court orders Anil Ambani to pay 717 Million Dollars (Rs.5400... D K Shivakumar’s Hawala agents turn Approvers. Financial Markets Anchor & Research Analyst. 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. | index The CBI accused Gautam Adani-led Adani Enterprises of totally violating tender norms, even without quoting the price and bagging the order by removing other participants illegally. Share price of … The Central Bureau of Investigation (CBI) in January has registered a case of cheating and corruption against Adani Enterprises and a former Chairman and an ex-Managing Director of multi-state cooperative National Co-operative Consumers Federation (NCCF) for irregularities in selecting a company for a tender to supply coal to power stations in Andhra Pradesh. Can we have a similar article on Vedanta Limited please. SEBI should have some strong rules not to allow companies to get delisted for some flimsy reasons & benifitting from the down trend. There Delisting happens through reverse bookbuilding where shareholders fix the price. 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. | IDFC Bank Adani Power's shares plunged 4% after it decided to voluntarily delist equity shares from BSE and NSE at ₹33.82, which is about 10% below the closing share price on June 19. Hexaware Technologies, Adani Power and Vedanta are in the process of delisting from the pandemic-marred stock markets. Adanipower financial results, Adanipower shareholding, Adanipower annual reports, Adanipower pledge, Adanipower insider trading and compare with peer companies. | ITC “This Loan Against Shares (LAS) is a big scam in the offing. | HFCL. The company has announced delisting of shares at a floor price of ₹ 33.82 Major price swings over the past two months in the stock of Adani Group's power … You do not know what type of manipulation they are doing with shareholder’s money . 172@29@16@231!~!172@29@0@53!~!|forum-topics|stocks|adani-power|thread-message-88999517-90799517.html!~!mmb|moneycontrol|com!~!|index.php!~! With this image , I am sure Adani’s future IPOs would be a flop and I suggest retail investor not to invest in Adani company . Adani isn’t getting delisted at 33 or 40. “It is believed that the Promoters are proposing to delist the company’s shares in the face of the COVID-19 pandemic to take advantage of the correction in the valuation of the company on account of the pandemic. In the tender Adani Group even put a Benami firm to rig the tender procdures[1]. [1] At last CBI books Adani Enterprises for irregularities in the coal supply contract – Jan 16, 2020, PGurus.com. Adani Transmission Ltd (ATL), which is the transmission and distribution arm of the Adani Group also declared its Q2 results on Thursday. Price when posted : NSE: Rs. Will SEBI`s clarification on multi-cap schemes reduce disruptions in the mutual fund market? *. Here's taking a look at what delisting means and how a company follows a procedure to achieve the same. Shares of Adani Power rose 10 per cent to Rs 40 on the BSE on Monday after the Gautam Adani- promoted electric utilities company said its board will meet to consider delisting the company from the stock exchanges. This decision is going to be a huge loss to public investors who constitute around 25% of the total number of shares in Adani Power, which started at Rs.100 in 2009 and reached Rs.137 in 2010 and is currently trading around just Rs.38. 47.00 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.. | Suzlon Energy “In this delisting also it’s my presumption that because the share price is on the lower side and the Adanis are finding it difficult to get large finance and that’s why they want to delist and increase the price of the share,” said a Stock analyst. Additionally, the Promoters want to deprive the minority investors of their share (25%) of the said potential windfall gains of Rs.27,000 crores over the next few quarters. While Adani Group is generally infamous for its coal-related businesses, Adani Green’s projects include solar energy, wind energy, and hybrid solar-wind energy projects. 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