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Adani Power's shares fall 4% after voluntary delisting gets approved
short by Anushka Dixit / on Monday, 22 June, 2020
Adani Power's shares plunged 4% after it decided to voluntarily delist equity shares from BSE and NSE at ₹33.82, which is about 10% below the closing share price on June 19. Adani Power said the delisting proposal is in the interest of the shareholders of the company. Notably, the promoters collectively hold 74.97% of equity share capital of Adani Power.