Adani Power has sought shareholders nod for its Rs 3,264 crore delisting proposal through postal ballot. Adani Power issued a notice for voluntary delisting of equity shares of the company from BSE and National Stock Exchange of India.
Earlier, the board of Adani Power had approved the proposal to delist company shares from stock exchanges. 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.
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.
