
The board has already approved the stock split during its June quarter earnings.Adani Power stock split: Adani Power on Friday said its shareholders have cleared a stock split in the ratio of 1:5. The record date for the stock split will be announced later separately, the company said in an exchange filing. The board has already approved the stock split during its June quarter earnings.
"Sub-division / split of the existing equity shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, be sub-divided / split into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company," said Adani Power.