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News Topical, Digital Desk : Adani Power shares will be in focus during Monday's trading session as the company's stock split record date is September 22. Earlier this month, the Adani Power board approved a 1:5 stock split. Under this scheme, the shares will be converted into five new shares and the face value of the shares will be reduced from ₹10 to ₹2. The company currently has 385.69 crore fully paid-up equity shares.

A stock split is a corporate action in which a company increases the number of shares by dividing its existing shares into smaller units. This process reduces the share price but does not change the company's total market capitalization. For example, if a company's share is worth ₹100 and the company splits its stock in a 1:5 ratio, one share will be converted into 5 new shares, each priced at ₹20. The total value will remain the same, only the number of shares will increase. Stock Performance: Adani Power shares saw a strong rally on Friday, rising 13.42 percent to close at ₹716.10 per share. Over the past year, the company's shares have gained 6.56 percent. Over the past six months, the company's shares have gained 37.16 percent. 
 

 


 


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