Incorporated in 1996, Adani Power Limited (APL), is a power project development company. Company operates and maintains power projects across India. Adani Power Limited is a part of Adani Group, a leading business group in India. Currently Adani group has presence in coal mining, coal trading, shipping, power generation, power transmission and power trading. Adani Power Ltd is entering in the capital markets with an initial public offering, IPO of 301,652,031 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The issue opens on July 28, 2009, and closes for subscription on July 31, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).. The price band for the issue will be available soon. |
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