Adani Agro, one of the promoter group of Adani Power, has proposed to sell an aggregate of 3,55,77,597 equity shares of face value of Rs 10 each of Adani Power. The sale process will take place on the separate window provided by the BSE for this purpose and a minimum of 25% of the equity shares in the sale shall be reserved for mutual funds.
The sale shall commence on October 8, 2012 at 9.15 a.m. and shall close the same day at 3.30 p.m. DSP Merril Lynch will act as a broker for the share sale and floor price for the transaction will be declared after the close of trading hours of the exchanges of October 5, 2012.
Adani Power has been established to carry on 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 | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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