Adani Power share price will turn ex-date for stock split in the ratio of 1:5 today, September 22. Within the group, Adani Ports underwent a split in September 2010, while Adani Enterprises completed one in July 2004.
After today’s stock split, each Adani Power share of face value Rs 10 will be divided into five fully paid-up shares of Rs 2 each, carrying equal rights. Theoretically, the Adani Power stock price, which closed at Rs 709.05 on Friday, would adjust to Rs 141.81, as investors will now hold five shares in place of one. Some stock trading platforms may not reflect Monday’s adjustment and could instead be comparing the adjusted price with Friday’s unadjusted level, thereby showing investors sharp notional losses. Advertisement
Adani Power is the largest private thermal power pr