Adani Power Greenlights Stock Split: ₹10 Shares to Become ₹2 Units

Adani Power shareholders have approved a 1:5 stock split through e-voting, a move aimed at boosting liquidity and retail investor participation.

Key Details:

• Split Ratio: Each ₹10 equity share will be split into five ₹2 shares, fully paid-up.
• Voting Period: E-voting ran from August 6 to September 4, 2025, with overwhelming support—99.9993% votes in favor.
• Capital Structure Impact:
• Authorized Capital remains ₹28,000 crore.
• Paid-up Capital shifts from 385.69 crore shares of ₹10 to 1,928.47 crore shares of ₹2, keeping the total paid-up value unchanged at ₹3,856.94 crore.
• Record Date: Yet to be announced by the board.

Strategic Rationale:

• Affordability: Lower face value makes shares more accessible to small investors.
• Liquidity Boost: More tradable shares in the market.
• Retail Participation: Encourages broader ownership and engagement.

Earlier this year, Paras Defence & Space Technologies executed a 1:2 stock split reducing its face value from ₹10 to ₹5. The record date was July 4, 2025, and the intent was to make shares more affordable for retail investors, aligning with its growing visibility in the defence-tech space.

Similarly, Cool Caps Industries opted for a 1:5 split, mirroring Adani Power’s structure. With a record date also set for July 4, 2025, the company aimed to increase its tradable float and attract smaller investors, especially in the packaging and thermal insulation segments.

India Glycols Ltd, known for its green chemistry and bio-based products, approved a 1:2 split from ₹10 to ₹5, with the record date falling on August 12, 2025. The move was designed to enhance market accessibility and broaden its investor base.

In the financial services sector, Bajaj Finance Ltd carried out a 1:2 split, lowering its face value from ₹2 to ₹1. The record date was June 16, 2025. This decision was part of a broader strategy to improve liquidity and align its share price with peer valuations, making it more attractive to retail investors.

Lastly, Coforge Ltd, a mid-cap IT services firm, implemented a 1:5 split from ₹10 to ₹2 on June 4, 2025. The split was positioned as a signal of growth confidence and a way to broaden its investor base amid rising demand for digital transformation services.