India's Adani Power set for best day since January

Adani Power

22/09/2025 11:05

** Shares of Adani Power ADAN.NS surge 20% to 170 rupees, set for best day since January

** Stock up after 45.4 million shares change hands in multiple block deals at a 5%-20% premium over last close

** ADAN's approved share split of 1 share into 5 shares, due later in the day

** Around 135 million shares changed hands by 3:20 p.m. IST, almost 16 times more than 30-day avg.

** Stock up 35% since Thursday after India's markets regulator dismissed parts of short-seller Hindenburg Research's stock manipulation allegations against Adani and his conglomerate

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))