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Adani Power Limited ( (IN:ADANIPOWER) ) has issued an update.
Adani Power Limited has informed the Bombay Stock Exchange and the National Stock Exchange that recent media reports about a US regulator seeking measures to serve legal summons on Gautam and Sagar Adani do not involve the company itself. Reiterating its earlier clarification from November 2024, the company stated that no allegations have been made against Adani Power and it is not a party to the referenced proceedings, adding that the reported matter does not trigger any disclosure obligations under India’s securities listing regulations, thereby signalling limited direct regulatory or operational impact for the company and its shareholders at this stage.
More about Adani Power Limited
Adani Power Limited is an India-based power generation company and part of the Adani Group, operating thermal power plants and supplying electricity to utilities and other bulk consumers across the country. It is listed on both BSE and the National Stock Exchange of India, reflecting its position as a major player in the domestic power sector.
Average Trading Volume: 1,639,177
Technical Sentiment Signal: Buy
Current Market Cap: 2715.3B INR
See more data about ADANIPOWER stock on TipRanks’ Stock Analysis page.