Adani Power's board of directors during a meeting in August had approved its first-ever stock split in the ratio of 1:5. The record date to determine the eligibility of the shareholders set to receive the bonus equity shares was set on September 22.

What it means for shareholders?

If a shareholder owns 10 shares of Adani Power worth Rs 100 each, he will own 50 shares of the company after the stock split, with each share being worth Rs 20. However, the total worth of his holding will remain unchanged at Rs 1,000.