Adani Power on Friday said it has received shareholders’ approval for its Rs 3,264-crore delisting proposal. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from BSE Limited and National Stock Exchange of India Limited.
“…(delisting) resolution as set out in the notice has been passed with the requisite majority on July 23, 2020, being the last date specified for remote e-voting,” a regulatory filing stated.
The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month.
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.
