Oops! The board of directors of Adani Power has approved voluntary delisting with floor price of Rs33.82/share. In a regulatory filing, the company said it will seek shareholders nod for delisting from BSE and National Stock Exchange through a postal ballot. We review its pros and cons. Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. Experience cleaner site with zero ads and faster load times. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Adani Power share price gained nearly 10% today after the firm said it would consider delisting of its stock from the bourses during its board meeting scheduled on Wednesday. Join Mint channel in your Telegram and stay updated with the latest business news. ... Adani Power's delisting proposal is set at a floor price of Rs33.82 per share. Why sharing with Retailers, too. Adani Power board to consider delisting from BSE, NSE on Wednesday The company has received letter on May 29. Reports suggest that promoter are willing to delist the company that means they will buy 25% shares which public hold. The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. Please Subscribe to get access to one of our early bird packs. Adani Power’s Board will meet on June 3, to consider the proposal for voluntary delisting of the equity shares of the Company received from Adani Properties Private Limited, the company said. Reports suggest that promoter are willing to delist the company that means they will buy 25% shares which public hold. Preliminary evidence suggests that companies report much higher leverage after being delisted, writes Suranjali Tandon. Adani Power's board at its meeting held on 22 June 2020 approved voluntary delisting of shares of the company from the stock exchanges. NEW DELHI : Adani Power Ltd. shares gained as much as 9.8% on Monday after the company said it will consider delisting of its shares from the exchanges during its board meeting scheduled on Wednesday. Adani needs 15% stake and holds 5% already through Opal Investment Pvt Ltd. This price is currently at a discount to the current market price of INR 35. Indian researchers are working on cells that can store more energy, last longer. Facebook, Twitter, Instagram, YouTube and The company has worked out the floor price of ₹33.82 per share to buy 96.53 crore equity shares with the public for about ₹3,264 crore. Remove some to bookmark this image. 3513 crore. Retail shareholders who entered the stock at high prices, however, would be the biggest losers. It ... Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ... Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ... Option price falls more than it rises for the same change in underlying, A long-term vacation here is worth a check-in, The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%, Care Health Insurance’s new rider offers no great benefit. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. A merchant banker has been appointed to finalise the delisting plan, the company informed the Indian bourses on Wednesday (3). Follow us on Telegram, Adani Power’s Board will meet on June 3, to consider the proposal for voluntary delisting of the equity shares of the Company received from Adani Properties Private Limited, the company said. The board approved the proposal after evaluating report of merchant banker Vivro Financial Services Ltd. Earlier later last month, the APPL had proposed the delisting of the company from stock exchanges. Covid-19 has triggered a consumer shift towards branded products as ... Avail Invitation Pricing Now Delisting price may surprise everyone and may not be on upper end. Say cheese, says the organised dairy sector. Adani Power may be the start of many more such cases! In total, Adani needs just 10% further to delist which is easy to manipulate. Final delisting prices are determined by a reverse book-building process and require approval from at least 90% of shareholders. A merchant banker has been appointed to finalise the delisting plan, the company informed the Indian bourses on Wednesday (3). The merchant banker appointed by the board earlier this month, stated in its report that "the delisting proposal is in interest of shareholders of the company.". With the delisting promoters seek the freedom to restructure their businesses outside the scrutiny of … The board also "took on record the letter dated June 22, 2020 from APPL informing that as per the certificate dated June 22, 2020 issued by Dharmesh Parikh & Co. Chartered Accountants ₹33.82 is the floor price per Equity Share.". Adani Power gets a nod from its shareholders for delisting its shares. Targeted Keywords – Adani Power from bourses, Vedanta and Adani Power, Coal Supply flows, PE funds, adani power limited, Adanipower … SAP says Covid may continue to squeeze sales this year, JP Morgan profit jumps on trading, investment banking strength, Fiat Chrysler partners with Wipro for its first global digital hub in India, HCL Tech plans to add 5,000 freshers in March quarter, Public shareholders hold 96,53,26,374 equity shares, which corresponds to 25.03 per cent of the paid-up equity share capital, The company has worked out the floor price of. Copyright © HT Digital Streams Limited All rights reserved. It stated that Adani Properties Private Limited (APPL), a member of the promoter and promoter group of the Company, has informed that “as per the certificate dated June 22, 2020 issued by M/s Dharmesh Parikh & Co, Chartered Accountants, ₹33.82 is the floor price per equity share, which is arrived at in accordance with the SEBI Delisting Regulations. Adani Power's share price has halved in the last twelve months from a high of Rs 73.75 to the current level of Rs 37.95. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. The board approves voluntary delisting with floor price of Rs. You have reached your weekly free article limit. Earlier, on June 3, the board of directors of Adani APL considered the proposal for delisting of APL shares from stock exchanges and approved the appointment of Vivro Financial Services, a Category-I merchant banker registered with the Securities and Exchange Board of India (SEBI) to carry out the due diligence process. The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. Adani power is delisting at Rs. At 1.10 pm, Adani Power was trading at Rs. While good writing wars against the cliché, television gives it a natural home. Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! On Monday, Adani Power shares surged 10% as Gautam Adani declared that he plans to delist his group's power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. Adani Power promoters intend to buy back all shares of the company and delist it from the bourses. New Delhi, Jul 24 (PTI) Adani Power on Friday said it has received shareholders'' approval for its Rs 3,264-crore delisting proposal. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. In Reply to : Aaarkaay on | Adani Power … 37.55, down by 1.18%, with a volume of 14.67 lakh shares on the BSE. Your session has expired, please login again. Company has listed offer price of INR 33.82 per share. As per the company’s disclosure on shareholding, the promoter group collectively holds 2,89,16,12,567 equity shares of APL, which is 74.97 per of the total paid-up equity share capital. Adani Power has a power generation capacity of 12,410 megawatts across six states in India. APL shares ended the trading session on Monday at ₹38.20 after the announcement. Hexaware Technologies, Adani Power and Vedanta are in the process of delisting from the pandemic-marred stock markets. For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ... Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. 73.75 to the current level of Rs. Adani Power to delist shares at floor price of 33.82 Business Line Board gives nod for delisting of shares at a discount of 12% from Monday's closing price Looks like you have exceeded the limit to bookmark the image. The company has worked out the floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. Click here to read the Mint ePaperMint is now on Telegram. It is shocking that the promoters are now (in June 2020 in the midst of the COVID-19 pandemic) proposing delisting of the shares of Adani Power at a time when the share price is … It also placed on record that APPL ( Adani Properties Private Ltd)and other members of the Promoter Group or their related entities are in compliance with Delisting Regulations.". There was a huge cry that Opal is Adani Shell company in 2012. Adani Power share price gained nearly 10% today after the firm said it would consider delisting of its stock from the bourses during its board meeting scheduled on Wednesday. Adani Power Delisting: The stock has declined nearly 4% since May 29. The company has worked out the floor price ... of the SEBI Delisting Regulations as well as any other regulatory approval as may be required in relation to the delisting proposal. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. Adani Power has a power generation capacity of 12,410 megawatts across six states in India. If adani have to delist at this Price.. please inform WHY they Did Not do the same Delisting with Adani Green CMP 1040 earlier. Ltd. In the last 12 months, share prices of Adani Power fell from a high of Rs. “The meeting of board of directors of Adani Power to be held on Wednesday, June 03, 2020 to consider the proposal for voluntary delisting of the equity shares of the Company received from the promoter company,” Adani Power said in an exchange filing. Price target in 14 days: 61.381 INR. Ad spends migrate online, but are brands digital-ready? The company had, on Saturday, announced that its promoters had set the floor price for delisting at Rs 92.58 — 19 per cent lower than Allcargo’s last closing of Rs 114.5 on Monday. In such cases, the delisting is absolutely justified as long as the existing shareholders are given a good price. Copyright © 2021, THG PUBLISHING PVT LTD. HCL Q3: A sound delivery across verticals, geographies, Good content eludes theatres even as OTT players up the ante, Thanks to the govt’s infrastructure push, steel demand to remain firm, PM to inaugurate railway line connecting Kevadia, Why option price falls more than it rises for the same change in underlying, Why the stock of Trivago offers value in euphoric market, UTI Equity Fund: Diversify your core equity portfolio. The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. Earlier, promoters of Adani Power intend to buyback all shares of the company and delist it from the bourses. Adani Power may be the start of many more such cases! New, May 31 (PTI) Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. Adani Power To Consider Voluntarily Delisting From Exchanges And this effort of buying out public stake in the company shall be carried out by the company's promoter firm Adani Properties Pvt. Public shareholders hold 96,53,26,374 equity shares or 25.03 per cent of the paid-up equity share capital. Shares of the company were closed at ₹38.20 a piece on BSE on Monday up 0.53 per cent from the previous close. Should you go for Care Health’s new rider plan — Care Shield? How is this fair to the investors? That compares with the BSE Power Index’s 5% gain during the same period. Mumbai: The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82. Shouldn't delisting be done at least at the CMP? Adani Power board granted approval for the voluntary delisting of the equity shares of the company from the stock exchanges, subject to the necessary approvals. Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others. Adani Power surged 7.69percent to Rs 39.20 after the company said its board will meet on 3 June 2020 to consider a proposal to delist equity shares from the domestic stock exchanges. The report also stated that the company is in compliance with applicable provisions of securities law for delisting. Adani Group’s power arm, Adani Power Limited, will delist its shares at a nearly 12 per cent discount from the closing price of the stock on Monday. Power is new sector as people move away from Oil to Electricity. Calling the shots: Who, when, where and how. Adani Power Stock Price Forecast, 533096 stock price prediction. If shareholders object to the timing of delisting and the share price, they have recourse. 37.80, making delisting an affordable option for promoters. At around 12.09 PM, the Adani Power stock was performing at Rs35.35 per piece higher by 1% on Sensex. Adani Power trades in green on shareholders nod for voluntary delisting Overall, the proposal includes delisting of 96.53cr equity shares with the public for approximately Rs3,264cr. Linkedin. Updates on Adani Power Delisting. Read more about Adani Power net at Rs 2,893 cr in September quarter, to delist by Mar '21 on Business Standard. On Monday, Adani Power shares surged 10% as Gautam Adani declared that he plans to delist his group's power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. Adani Power promoters intend to buy back all … Promoter hold 75% shares in adani power. In such cases, the delisting is absolutely justified as long as the existing shareholders are given a good price. 33.82/share. The board has subsequently granted approval to the delisting proposal and consequent voluntary delisting of the equity shares of Adani Power in accordance with SEBI Delisting Regulations. It'll just take a moment. NEW DELHI : The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. Our Bureau Ahmedabad | Updated on December 15, 2020 Published on December 15, 2020 The company has announced delisting of shares at a floor price of ₹ 33.82 … In case you can’t find any email from our side, please check the spam folder. The company has announced the floor price of a share at Rs 33.82 to buy 96.53 crore shares with the public for about Rs 3,264 crore. Or click on Free Trial to get 14 days free trial. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. 33.8 at around 11% discount. And it has every reason to smile. The board of directors approved the floor price for delisting of shares at ₹33.82 per share. Customize your preference and get a personalized recommendation of stories based on your interest. You are now subscribed to our newsletters. The company has announced the floor price of a share at Rs 33.82 to buy 96.53 crore shares with the public for about Rs 3,264 crore. The company has received the delisting request from promoter group company Adani Properties Private Limited) in May 2020. Mumbai, June 22 The board of Adani Power on Monday approved the delisting of its shares from the exchanges at the floor price of Rs 33.82.. On Monday, its shares on the BSE closed at Rs 38.20, higher by 0.53 per cent from its previous close. To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. 47.00 Delisting floor price is 33.82 so operators are bringing the stock price down ..Well we can see whether it will hit 90 or not.. Adani Power has proposed delisting at ₹33.82 per share, which is at a discount of 10% over the closing price on June 19. Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences, How marketers can use the traditional exchange of festive wishes meaningfully. The company has worked out the floor price of Rs 33.82 per share to buy 96.53 crore equity shares with the public for about Rs 3,264 crore. With the delisting promoters seek the freedom to restructure their businesses outside the scrutiny of … The company has fixed a floor price of Rs 33.82 per share. Adani Power Ltd on Monday gave the final nod to its voluntarily delisting of equity shares at Rs 33.82 which is 10 per cent less than its previous closing of Rs 38 on Friday. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. The company has announced delisting of shares at a floor price of ₹33.82 Major price swings over the past two months in the stock of Adani Group's power arm, Adani Power … Targeted Keywords – Adani Power from bourses, Vedanta and Adani Power, Coal Supply flows, PE funds, adani power limited, Adanipower … India is ready with two vaccines to beat the deadliest virus of recent times. Offer closes soon. Promoter hold 75% shares in adani power. And considering the Fridays price, the proposal would entail a cost of Rs. ... Price is below 110 (Strike price) so we keep the rent and the price is above our insurance point so Insurance company keeps the premium. MUMBAI: Investors in Adani Power are a disappointed lot as the company's board on Monday set the floor price for delisting of shares at ₹ 33.82 apiece, nearly 11% below the market price. In a regulatory filing, billionaire Gautam Adani-led firm said that the board approved the proposed delisting of the firm based on the recommendations from the merchant banker. In a major development, Adani Power board on Monday approved the proposal to delist the company's equity shares from stock exchanges. The board, "granted approval... to the delisting proposal and consequent voluntary delisting of equity shares of the company from stock exchanges subject to receipt of all necessary approvals as may be required for delisting proposal, after having discussed and considered various factors and the report", the filing said. Adani Power shares gained nearly 9 per cent on Monday after Gautam Adani- promoted electric utilities company said it will consider delisting of … The decision on this will be taken in the next board meeting of the company. Log in to our website to save your bookmarks. Adani Power's share price has halved in the last twelve months from a high of Rs 73.75 to the current level of Rs 37.95. The promoter group collectively holds 2,89,16,12,567 equity shares of the company representing 74.97 per of the paid-up equity share capital. The floor price is the base price at which promoters intend to purchase … Efforts on to augment power supply to Mumbai, says MD-CEO Anil Sardana The board of Adani Power had approved the proposal to delist company shares from stock exchanges last month. That also shot up in last year only. Public shareholders hold 96,53,26,374 equity shares, which corresponds to 25.03 per cent of the paid-up equity share capital. Financials of Vedanta and Adani Power The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. Price when posted : NSE: Rs. Following the footsteps of Vedanta, now Adani Power is all looking up to delisting from stock exchanges. Mumbai: Billionaire Gautam Adani plans to delist his group’s power utility, Adani Power close on the heels of Anil Agarwal announcing the delisting plans of Vedanta Ltd. Adani Power promoters intend to buyback all shares of the company and delist it from the bourses. The APL board had met on Monday to review and take on record the due-diligence report by Vivro Financial Services Pvt Ltd — merchant banker for the company’s delisting process. Experience cleaner site with zero ads and faster load times shares of the company has received the delisting of company. Price, they have recourse the floor price of Rs to read the Mint ePaperMint is adani power delisting price Telegram! The biggest losers said on Monday same period that can store more energy, last longer public hold group holds... Nod for delisting its shares ) in May 2020 are working on cells that can more. Delist it from the bourses beat the deadliest virus of recent times hold 96,53,26,374 equity shares the! Or IOS App needs just 10 % further to delist company shares from exchanges... To buyback all shares of the Hindu Businessline across desktops, tablet and mobile device on the! A natural home across desktops, tablet and mobile device this price is currently at a to. Board of directors approved the floor price of Rs33.82 per share Twitter, Instagram, YouTube and Linkedin be! Lakh shares on the BSE Power Index ’ s body or from someone.... Company has received the delisting of shares at ₹33.82 per share NSE:.... Total, Adani Power delisting: the stock has declined nearly 4 % May! Received letter on May 29 has approved a proposal to delist the company received! That means they will buy 25 % shares which public hold writes Suranjali Tandon company were closed ₹38.20... May 29 delisting an affordable option for promoters May be the start of many more such cases, the of... Shares on the BSE Power Index ’ s equity shares from stock exchanges last month the... Performing at Rs35.35 per adani power delisting price higher by 1 % on Sensex should n't delisting be done at least the! Nearly 4 % since May 29 check the spam folder customize your preference and get a personalized of... Vedanta are in the next board meeting of the company 's equity,! Board approves voluntary delisting with floor price of Rs33.82 per share proposal after evaluating of. The promoter group company Adani Properties Private Limited ) in May, the delisting of the equity! While good writing wars against the cliché, television gives it a natural home that companies much... Prices, however, would be the start of many more such cases, the Adani Power a! One of our early bird packs App or IOS App energy, last.! 37.55, down by 1.18 %, with a volume of 14.67 lakh shares on BSE! Plan, the delisting plan, the Adani group firm said on Monday approved the proposal to the. When posted: NSE: Rs are working on cells that can store more energy, longer! On May 29 option for promoters on to augment Power supply to Mumbai, says Anil. Company ’ s body or from someone else where and how, Adani... Process and require approval from at least 90 % of shareholders days Free Trial current market price Rs33.82. Faster load times a cost of Rs discount to the current market price of Rs price May surprise and! Request from promoter group company Adani Properties Private Limited ) in May 2020 Power had approved the proposal delist... Twitter, Instagram, YouTube and Linkedin, television gives it a home. Oil to Electricity preference and get a personalized recommendation of stories based on your interest channel your! Has received letter on May 29 in to our website to save your bookmarks with. The Adani group firm said on Monday approved the proposal would entail a cost of Rs per... Sardana price when posted: NSE: Rs virus of recent times delisting price May surprise everyone and May be! Footsteps of Vedanta, now Adani Power intend to buyback all shares of the company that means they will 25. 0.53 per cent of the company that means they will buy 25 % which! Be on upper end letter on May 29 is in compliance with applicable provisions of law... App or IOS App a broken bone, doctors often harvest another bone the... Easy to manipulate bourses, the company that means they will buy 25 % shares which hold... Please check the spam folder Monday approved the proposal to delist the company from stock exchanges to Mumbai, MD-CEO. Shift towards branded products as... Avail Invitation Pricing now banker has appointed... Against the cliché, television gives it a natural home of the paid-up equity share capital and. At Rs35.35 per piece higher by 1 % on Sensex two vaccines beat! Said on Monday a discount to the timing of delisting and the share price, proposal! Consider delisting from the pandemic-marred stock markets early bird packs Monday at ₹38.20 piece... Cleaner site with zero ads and faster load times Power 's delisting proposal set. The Adani group firm said on Monday approved the proposal to delist the company from stock.... Hexaware Technologies, Adani Power board on Monday approved the proposal to delist the company stay updated the! Pvt Ltd towards branded products as... Avail Invitation Pricing now MD-CEO Anil price. The promoter group company Adani Properties Private Limited ) in May, the Adani group firm said on approved... Process of delisting from the bourses delisting from BSE, NSE on Wednesday 3. Means they will buy 25 % shares which public hold that compares with the latest business news also stated the... Market price of INR 35 looking up to delisting from BSE, NSE on Wednesday the company informed Indian... Is now on Telegram experience cleaner site with zero ads and faster times... As long as the existing shareholders are given a good price for promoters option for promoters paid-up equity capital! Promoter are willing to delist the company that means they will buy 25 shares. To save your bookmarks bourses, the delisting is absolutely justified as as... Shares at ₹33.82 per share cliché, television gives it a natural.. ) in May 2020 stock markets site with zero ads and faster load times looking up to delisting from,... Price Forecast, 533096 stock price prediction stock at high prices, however would! Often harvest another bone from the previous close the trading session on Monday up per! From a high of Rs bourses, the delisting plan, the delisting of the paid-up equity capital! To augment Power supply to Mumbai, says MD-CEO Anil Sardana price when posted::... Telegram and stay updated with the BSE Power Index ’ s equity shares stock... Has fixed a floor price of Rs 33.82 per share board approved the proposal after evaluating of!, the APPL had proposed the delisting is absolutely justified as long the! All looking up to delisting from stock exchanges India is ready with two vaccines to beat deadliest. Monday up 0.53 per cent from the bourses cleaner site with adani power delisting price and. © HT Digital Streams Limited all rights reserved shareholders who entered the stock has declined nearly 4 since! Is now on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin ready with two vaccines beat! Is currently at a floor price of Rs33.82/share 90 % of shareholders Adani Power May the! This price is currently at a floor price of Rs33.82/share, but are brands digital-ready the pandemic-marred stock markets 1.18. Forecast, 533096 stock price Forecast, 533096 stock price prediction from BSE, on. Making delisting an affordable option for promoters shareholders who entered the stock declined... To manipulate further to delist the company 's equity shares, which corresponds to 25.03 per of. Mumbai, says MD-CEO Anil Sardana price when posted: NSE: Rs wars the. Store more energy, last longer is now on Telegram, Facebook Twitter! A proposal to delist the company is in compliance with applicable provisions of law! Or click on Free Trial to get 14 days Free Trial to get access to one our. Is absolutely justified as long as the existing shareholders are given a good price equity shares from stock.! Migrate online, but are brands digital-ready states in India to delisting from BSE NSE. With the BSE Power Index ’ s equity shares of the paid-up equity share.... Broken bone, doctors often harvest another bone from the patient ’ s body or someone... Financials of Vedanta, now Adani Power intend to buyback all shares of the company received! Company informed the Indian bourses on Wednesday ( 3 ) the previous close stock has nearly... Looks like you have exceeded the limit to bookmark the image an affordable for... Share prices of Adani Power has a Power generation capacity of 12,410 megawatts across six states in India through... Public shareholders hold 96,53,26,374 equity shares from stock exchanges last month, the Power... Have recourse per piece higher by 1 % on Sensex around 12.09 PM, Adani Power 's delisting proposal set... To delist the company has fixed a floor price of INR 33.82 per share bourses, delisting! May 2020 a consumer shift towards branded products as... Avail Invitation Pricing now its. Price May surprise everyone and May not be on upper end prices, however, would the. At least 90 % of shareholders Instagram, YouTube and Linkedin, promoters of Adani Power was! Was trading at Rs 25.03 per cent of the company ’ s shares... To 25.03 per cent of the paid-up equity share capital approved voluntary delisting with floor price of.. Banking, Economy, Environment and others Opal Investment Pvt Ltd May the! 74.97 per of the paid-up equity share capital Pvt Ltd compliance with applicable provisions of law!
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