Top News

Big move by Gautam Adani, this company to split stock in…, gets approval by…
24htopnews | September 5, 2025 3:06 PM CST

Adani Power on Friday announced that its shareholders have approved a stock split in the ratio of 1:5 following a postal ballot process initiated on August 1 2025. In a regulatory filing the company said the resolution was passed with the requisite majority. As per the proposal each equity share with a face value of Rs 10 will be sub-divided into five fully paid-up equity shares of Rs 2 each carrying equal rights. The voting was conducted between 9 am on August 6 and 5 pm on September 4. Adani Power 1:5 Stock Split The company explained that the board at its meeting on August 1 2025 approved and recommended the share split to facilitate greater participation from retail and small investors.   There will not be any change in the amount of authorised issued subscribed and paid-up share capital of the company on account of sub-division/split of the equity shares it had stated. The record date for the sub-division of equity shares shall be fixed by the board (or by any duly constituted committee thereof) after the approval of the members is obtained.   Also Read: Good news for Gautam Adani This company gets Govt approval to commence operations in… How Stock Split Will Dilute Shares? The notice showed that post-stock split the number of equity shares will increase from 2480 crore to 12400 crore. Highlights Gautam Adani Adani Power stock Split Adani Power stock split 1:5 Adani Power share dilution after stock split Adani Power gets shareholders nod to split stock Adani Power was incorporated in 1996 and in 2009 got listed on the bourses. It has grown significantly in terms of its business and performance over the years resulting in a significant improvement in the market price of the companys securities.  (With Inputs From PTI)


READ NEXT
Cancel OK