Adani Power Ltd approves allotment Of 3,38,34,391 Equity Shares

The Management Committee of the Board of Directors of Adani Power Ltd at its Board Meeting held on March 16, 2017 have approved the allotment of 3,38,34,391 equity shares of Rs. 10/- each upon partial conversion of the Convertible Warrants as earlier issued and allotted on preferential basis to Promoter Group Entities under the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and Sections 62 and 42 of the Companies Act, 2013 (including the rules made thereunder)

Shares of ADANI POWER LTD. was last trading in BSE at Rs.39.9 as compared to the previous close of Rs. 38.85. The total number of shares traded during the day was 2006073 in over 2051 trades.

The stock hit an intraday high of Rs. 39.95 and intraday low of 39. The net turnover during the day was Rs. 79092740.

Source : Equity Bulls

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