Adani Power is currently trading at Rs. 26.20, up by 0.25 points or 0.96% from its previous closing of Rs. 25.95 on the BSE.
The scrip opened at Rs. 26.45 and has touched a high and low of Rs. 26.75 and Rs. 26.05 respectively. So far 376859 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 05-Mar-2015 and a 52 week low of Rs. 25.65 on 12-Aug-2015.
Last one week high and low of the scrip stood at Rs. 29.00 and Rs. 25.65 respectively. The current market cap of the company is Rs. 7691.90 crore.
The promoters holding in the company stood at 58.13% while Institutions and Non-Institutions held 21.53% and 20.34% respectively.
Adani Power has received shareholders’ approval to raise up to Rs 10,000 crore through issuance of shares, bonds or other securities, including for investments in various businesses. The proposal was approved by the shareholders at an Annual General Meeting of the company held in Ahmedabad on August 11, 2015.
The company will raise money by issuing securities which may include equity shares, Global Depository Receipts, American Depository Receipts, convertible preference shares, convertible debentures, non-convertible debentures, Foreign Currency Convertible Bonds, Foreign Currency Exchangeable Bonds, or warrants. Shareholders have also approved a separate proposal to raise money through issue of non-convertible debentures on private placement basis.
The company has also received approval for the proposal of investments of up to Rs 10,000 crore in other businesses by investing in securities of a company or its subsidiary in one or more tranches.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
| Company Name | CMP |
|---|---|
| NTPC | 396.75 |
| Tata Power | 429.25 |
| Adani Power | 203.45 |
| Power Grid Corp | 320.10 |
| Torrent Power | 1617.70 |
| View more.. | |
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