Adani Power shares in focus as stock to trade ex-split on Monday for 1:5 split

Adani Power will be in focus on Monday, September 22, as its shares begin trading on an ex-split basis. The development follows the company’s first-ever stock split, which aims to enhance stock affordability and improve liquidity in the counter.

Earlier this month, the company received shareholder approval via postal ballot to subdivide its equity shares in a 1:5 ratio. Under the approved plan, each existing equity share of face value Rs 10 has been split into five equity shares of face value Rs 2 each, fully paid-up.