This is episode 73, 13th Jan 2021. You have entered an incorrect email address! Iran close to building a nuclear weapon. What about the Senate? In Reply to : Aaarkaay on | Adani Power … One Lakh crore and is in the doubtful or possibly NPA category. | Bharti Airtel [1] At last CBI books Adani Enterprises for irregularities in the coal supply contract – Jan 16, 2020, PGurus.com. Though hyping share value after delisting can make them eligible for taking further loans, say Corporate experts. Will SEBI`s clarification on multi-cap schemes reduce disruptions in the mutual fund market? Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Here the billion-dollar question is what is in the mind of Gautam Adani during the Covid-19 hit economy. Adani Transmission Ltd (ATL), which is the transmission and distribution arm of the Adani Group also declared its Q2 results on Thursday. Hexaware Technologies, Adani Power and Vedanta are in the process of delisting from the pandemic-marred stock markets. “This Loan Against Shares (LAS) is a big scam in the offing. “In this delisting also it’s my presumption that because the share price is on the lower side and the Adanis are finding it difficult to get large finance and that’s why they want to delist and increase the price of the share,” said a Stock analyst. Price when posted : NSE: Rs. | Nifty 50 In a filing to the market regulator, Adani power … It is reported in Corporate circles that more than Rs.41,000 crores were obtained by pledging shares and Adani Group’s total loans has reached around Rs. Copyright © e-Eighteen.com Ltd. All rights reserved. Bye all, have a good weekend .. logging out from Mmb as battery running out , no power last 4 hrs .. they have merged Cairn Energy a listed entity which has huge assets and now wanted to corner by delisting at a price tag of Rs.87 where the intrinsic value of physical assets alone will be in Billions. By using this form you agree with the storage and handling of your data by this website. You can’t expect 10% return as stated in the article. Adani Power's share price has halved in the last twelve months from a high of Rs 73.75 to the current level of Rs 37.95. or medium without express writtern permission of moneycontrol.com is prohibited. Can we have a similar article on Vedanta Limited please. Many eyebrows are raised over Gautam Adani-led Adani Power’s decision to go ahead with the delisting of its shares from stock exchanges. | GAIL SEBI should not allow delisting as a routine matter. Sree Iyer: Hello and welcome to episode 74 of Daily Global Insights. APPL had proposed a floor price of Rs 33.82 per share, and would pick up buy 96.53 crore equity shares currently with the public for about Rs 3,264 crore. The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month. In a majority of instances of Corporate failures in the recent past, it has been observed that the modus operandi has been the same – to keep raising debt based on the flawed security of artificially inflated value of shares. Arrests of rioters... Abhijit Iyer-Mitra on gagging of free speech by Social Media & masterly inactivity by... Mukesh Ambani’s Reliance Jio expected to pay Anil Ambani’s RCommm’s dues... NDTV Director KVL Narayan Rao admits guilt of illegal money routing... Chidambara Rahasya – Details of huge secret assets & foreign bank... Tablighi Chief Maulana Saad who preaches a simple lifestyle caught with... Italian Court judgment exposing Sonia Gandhi & Manmohan Singh in AgustaWestland... London court orders Anil Ambani to pay 717 Million Dollars (Rs.5400... D K Shivakumar’s Hawala agents turn Approvers. Is Adani Power delisting to artificially boost its stock price? It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is languishing at around Rs.38 per share. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. Recently Gautam Adani’s firm has been caught in the coal import scam. Will he get clearance from SEBI? Many corporate experts told PGurus that the company promoters would like to acquire the publicly held 25% shares at a very cheap price. Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. The company has worked out the floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. 172@29@16@231!~!172@29@0@53!~!|forum-topics|stocks|adani-power|thread-message-88999517-90799517.html!~!mmb|moneycontrol|com!~!|index.php!~! | index | 3i Infotech The recent events on how the US President Donald Trump and conservatives are being treated... K D Singh in trouble after caught for cheating, arrested by ED Additionally, the Promoters want to deprive the minority investors of their share (25%) of the said potential windfall gains of Rs.27,000 crores over the next few quarters. The company has announced the floor price of a share at Rs 33.82 to buy 96.53 crore shares with the public for about Rs 3,264 crore. Gautam Adani has said the company Adani Power will go in for delisting from the stock exchange. ALSO READ: Adani's Australia coal unit back in the spotlight after name change. Further, it is believed that a significant amount of the current alleged public float of 25% has already been illegally cornered by the Adani family and its associates through Benami transactions and the delisting process is an attempt to legitimatize their indirect holding in the company. Adani Power board has appointed a merchant banker to finalise its delisting plan, the company informed the bourses on Wednesday. | HDFC Bank Share price of … Adanipower financial results, Adanipower shareholding, Adanipower annual reports, Adanipower pledge, Adanipower insider trading and compare with peer companies. While Adani Group is generally infamous for its coal-related businesses, Adani Green’s projects include solar energy, wind energy, and hybrid solar-wind energy projects. | Future Retail | SAIL Mumbai: The board of Adani Power NSE 1.91 % has approved delisting of its shares at a floor price of Rs 33.82 a piece, which is almost 11 per cent … as per a Mint report several companies shall consider delisting as depressed valuation will make such companies private. | Kotak Mahindra If shareholders object to the timing of delisting and the share price, they have recourse. We take the quality of the messages posted on forum as seriously as our articles. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Get … *. Why was this decision taken by the politically connected Gautam Adani-led group? In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. I wonder the one who has written the article know anything about Delisting process itself. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. Adani Group was involved in the Loan Against Shares (LAS) scheme and got huge amounts of loans from Public Sector Banks. Adani Power shed 0.92percent to Rs 37.65 after the board approved the proposal to voluntarily delist shares at a floor price of Rs 33.82 per share. Chidambaram... Former colleague exposes Kejriwal’s sleazy affair at Thiruvananthapuram Guest House on... ED arrests money laundering businessman cum politician & party hopper ex-TMC... After NDTV’s Prannoy Roy, SEBI bans CNBC Awaaz TV anchor Hemant... TRS sustains Telangana sentiment, launches many initiatives. Preliminary evidence suggests that companies report much higher leverage after being delisted, writes Suranjali Tandon. In coming days I will sell all my holding in Adani Group Companies . Adani Power share price … Hence, the delisting is a ploy to fleece minority investors of Rs.21,750 crores [Rs.15,000 crores + Rs.6,750 crores (25% of 27,500)]. Tower damage case: Airtel writes to Telecom Dept, says Jio’s charges against it baseless, outrageous. | Wipro | Indiabulls Hsg At the IPO price of Rs.100 per share, the Market Cap of the company was Rs.38,800 crores. With this image , I am sure Adani’s future IPOs would be a flop and I suggest retail investor not to invest in Adani company . 47.00 Delisting floor price is 33.82 so operators are bringing the stock price down ..Well we can see whether it will hit 90 or not.. It is noteworthy that the company has obtained certain favorable judgments on various disputes pertaining to their PPAs (Power Purchase Agreements) with Gujarat discoms, Haryana discom, Maharashtra discom, and Rajasthan discom. In case of delisting of Adani Power shares, given the low valuations due to market correction in March 2020, it can be considered as an attempt by the promoters to increase their stake at attractive prices. “Adani Group had come out with the IPO of Adani Power in August 2009 at the issue price of Rs.100 per share. The CBI accused Gautam Adani-led Adani Enterprises of totally violating tender norms, even without quoting the price and bagging the order by removing other participants illegally. Interesting last hr . Adani Power share price gained nearly 10% today after the firm said it would consider delisting of its stock from the bourses during its board meeting scheduled on Wednesday. Reveal money trail. Adani Power Ltd Live BSE Share Price today, Adanipower latest news, 533096 announcements. | GOLD Once the official delisting proposal is … A meeting was held on June 3 to engage Merchant Bankers to look into the delisting procedures. SEBI should have some strong rules not to allow companies to get delisted for some flimsy reasons & benifitting from the down trend. Investors have lost more than 60% since the IPO price of Rs.100 per share without taking into account the time value of money over the last 11 years and will never have the ability to recoup their losses if approval for the delisting is granted. Farmers' Protest LIVE Updates | HP Congress holds protest outside Raj Bhawan in support of farmers, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, Idea Cellular Indian Banks gross NPA may rise to 14.8 percent warns RBI. You do not know what type of manipulation they are doing with shareholder’s money . Based on our forecasts, a long-term increase is expected, the "Adani Power Ltd" stock price prognosis for 2025-12-23 is 71.303 INR. Your permanent Nickname can be distinct from your username and no one need know the link between the two. The billionaire-Gautam Adani led company said its board has taken on record the delisting proposal letter and has appointed Vivro Financial SeNices Private as the merchant banker. As per a recent IDFC securities report, the company is expected to potentially receive over Rs.27,000 crores through favorable orders in these cases over the next few quarters,” said a noted Stock Broker. In the last 12 months, share prices of Adani Power fell from a high of Rs. | HFCL. Financial Markets Anchor & Research Analyst. | Suzlon Energy I am not aware of an area called Vadra Pradesh! 37.80, making delisting an affordable option for promoters. Even at a conservative interest rate of 10% per annum with compounding over last 11 years (i. e. since the time of IPO in August 2009), gullible investors will have been fleeced by more than Rs.15,000 crores by the Promoters of Adani Power if the attempt to delisting is approved. This is possible only based on connivance between Lenders and Borrowers,” said a financial analyst, explaining that delisting of Adani Power might be to increase the share value and again approach banks for huge loans by pledging shares. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is languishing at around Rs.38 per share. Should Listing Against Shares be banned? | ITC कई शेयरधारकों ने असूचीयन के खिलाफ सेबी की शरण ली - PGurus H. #EP74 Trump impeachment. A very... Social media giants like Twitter, Facebook and Instagram banned Trump The company’s share price has risen by … Massive sums have been borrowed by all of these 10 large borrowers and many others like Jet Airways, Bhushan Steel, Kingfisher, etc backed by such sub-standard security of pledged shares. ATL registered a loss before tax of Rs 3.96 crore during the second quarter … As a regulator, the Stock Exchange Board of India (SEBI) has to protect the common investors, they say. Anil Agarwal-led Vedanta Resources and HT Global IT Solutions Holdings have announced delisting of their Indian subsidiaries - Vedanta and Hexaware Technologies, respectively - amid a slump in share prices and easing of delisting norms in the recent past, while Gautam Adani-led Adani Power is also mulling a similar move of promoter buying out shares. Adani Power share price high is about -100% of the candle stick body. In the tender Adani Group even put a Benami firm to rig the tender procdures[1].