The board of Adani Power has approved a proposal to delist company shares from bourses, the Adani group firm said on Monday. The board approved the proposal after evaluating the report of merchant banker Vivro Financial Services. The merchant banker stated in its report that “the delisting proposal is in the interest of shareholders”. The report also stated that the company is in compliance with applicable provisions of the securities law for delisting. Adani Properties and other members of the promoter group are in compliance with delisting regulations, it added.

Source: The Telegraph June 22, 2020 21:44 UTC