Adani Power shareholders approve a 1:5 stock split to boost affordability and attract more investors.

Adani Power's shareholders have approved a 1:5 stock split, aiming to attract more retail investors by making shares more affordable. Each Rs 10 share will be split into five Rs 2 shares, increasing the total number of shares from 2,480 crore to 12,400 crore. The record date for the split will be announced later. Despite this move, Adani Power reported a 13.5% drop in net profit and a 5.7% fall in revenue in the latest quarter.