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News Topical, Digital Desk : Adani Power Stock Split: Adani Power Limited has released the results of the first quarter of the current financial year. Along with the information about its earnings and profits, the company has also made many big announcements.
Adani Power said in the filing that it is proposed to split its existing 1 (one) fully subscribed equity share of face value of ₹ 10 each into 5 (five) equity shares.
According to the information given in the filing, the face value of each new share of Adani Power will be ₹ 2.
This split is subject to the approval of the shareholders of the company. After getting the approval of the shareholders, the record date for the split will be fixed and investors will be informed in this regard in time.
This step is taken with the objective of increasing the transparency and liquidity of the shares of companies, which will make it easier for investors to buy and sell shares.
Read More: Ratnamani Metals Q1: Profit increased by 20% although income declined, stock fell
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