Profit

Adani Power plans to issue shares to promoters

 Share
EMAIL
PRINT
COMMENTS
Mumbai: 

Private electricity utility Adani Power today said it plans to issue shares to promoters on preferential basis. 

According to a regulatory filing, the board of the company would consider the proposal during its meeting scheduled for March 23. Financial details were not disclosed.

The board would "consider issue of equity shares to the Promoter/Promoter Group on preferential basis", it added.

The company did not immediately respond to query on the proposal.

Adani Power scrip fell 3.61 per cent to close at Rs 44.05 on the Bombay Stock Exchange.

At the end of the October-December quarter, promoters held 68.32 per cent stake in the company.

Adani Power reported a consolidated total income of Rs 1,884 crore for the quarter. 



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top