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Adani Power Limited ( (IN:ADANIPOWER) ) just unveiled an update.
Adani Power Limited announced an amendment to its Memorandum of Association, which includes the sub-division of its equity shares. The existing equity shares with a face value of Rs. 10 will be split into five shares with a face value of Rs. 2 each. This move, approved by shareholders, aims to enhance the liquidity of the company’s shares and potentially make them more accessible to a broader range of investors. The alteration in the capital clause reflects a strategic decision to optimize the company’s capital structure, which could have implications for its market positioning and stakeholder engagement.
More about Adani Power Limited
Adani Power Limited operates in the energy sector, focusing on power generation and distribution. The company is known for its thermal power plants and plays a significant role in India’s energy market.
Average Trading Volume: 462,767
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2344.6B INR
For a thorough assessment of ADANIPOWER stock, go to TipRanks’ Stock Analysis page.