Adani Power to split shares 1:5, aims for higher retail participation

Adani Power Limited’s shareholders have approved the sub-division of existing equity shares, effective September 4, 2025. Each equity share with a face value of INR 10 will be split into five equity shares, each with a face value of INR 2. This alteration to the Capital Clause of the Memorandum of Association aims to improve the liquidity of the company's equity shares and encourage greater participation from retail investors by making the shares more affordable.

The company's authorized share capital will remain INR 28,000,00,00,000, divided into various categories of shares. Post-split, the equity share capital will comprise 12,400,00,00,000 equity shares of INR 2 each, totaling INR 24,800,00,00,000. Subscribed and paid-up equity shares, previously 3,856,93,89,410 shares of INR 10 each, will convert to 1,928,46,94,705 shares of INR 2 each, maintaining the same total value.

Further, the company's capital structure includes INR 5,000,000,000 in Cumulative Compulsory Convertible Participatory Preference shares of INR 10 each, INR 7,500,000,000 in Compulsory Convertible Preference Shares of INR 10 each, INR 10,000,000,000 in Redeemable Preference Shares of INR 100 each, and INR 9,500,000,000 in Preference Shares of INR 100 each. The record date for the sub-division of equity shares will be announced separately.