{"id":358780,"date":"2020-06-23T10:41:02","date_gmt":"2020-06-23T05:11:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358780"},"modified":"2020-06-23T11:05:13","modified_gmt":"2020-06-23T05:35:13","slug":"adani-power-board-approves-delisting-of-shares-stock-down-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-board-approves-delisting-of-shares-stock-down-3\/","title":{"rendered":"Adani Power board approves delisting of shares; stock down 3%"},"content":{"rendered":"<p>Shares of Adani PowerNSE -1.18 % dropped over 3 per cent in Monday\u2019s trade after the board approved the proposal to voluntarily delist shares at a floor price of Rs 33.82, which is 11 per cent lower than the previous close.<\/p>\n<p>The scrip traded 3.42 per cent down at Rs 36.70 after the announcement.<\/p>\n<p>In a regulatory filing, billionaire Gautam Adani-led firm said that the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. The company has fixed a floor price of Rs 33.82 per share. <\/p>\n<p>Earlier, promoters of Adani Power intend to buyback all shares of the company and delist it from the bourses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Adani PowerNSE -1.18 % dropped over 3 per cent in Monday\u2019s trade after the board approved the proposal to voluntarily delist shares at a floor price of Rs 33.82, which is 11 per cent lower than the previous close. The scrip traded 3.42 per cent down at Rs 36.70 after the announcement. In a regulatory filing, billionaire Gautam Adani-led firm said that the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. The company has fixed a floor price of Rs 33.82 per share. Earlier, promoters of Adani Power intend to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-358780","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}