Shares of Adani Power are expected to remain in sharp focus as the company’s much-anticipated stock split record date is here. The board of directors had earlier approved a 1:5 stock split, which means each equity share with a face value of ₹10 will now be subdivided into five equity shares of ₹2 each. This move marks an important milestone in the company’s corporate journey, and analysts believe it could reshape investor participation in the stock.
Strong Market Performance Ahead of Split
In the run-up to the record date, Adani Power stock witnessed remarkable momentum. On Friday, the stock soared as much as 13.42% intraday before closing at ₹716.10 apiece. In the past month alone, the stock has rallied over 20%, while its six-month performance shows a gain of 37.16%. Over the longer horizon, the stock has turned into a multibagger, delivering a staggering 1,856.56% return, underlining the strong confidence of investors in the Adani Group’s power business.
Stock Split Details
- Split Ratio: 1:5
- Face Value Change: From ₹10 to ₹2 per share
- Record Date: September 22, 2025
- Total Shares Outstanding: 385.69 crore fully paid-up equity shares
This means that an investor holding 100 shares of face value ₹10 will now hold 500 shares of face value ₹2 each. Importantly, the overall value of the investment will remain unchanged, but the lower price per share could encourage greater retail participation.
Eligibility Criteria
To be eligible for the stock split, investors needed to purchase shares before the ex-split date, which was Friday, September 19. Those who purchased shares on or after this date will not be eligible for the split benefit. Today, September 22, is the official record date when the company will finalize the list of shareholders eligible for the corporate action.
Why Stock Splits Matter
A stock split does not alter a company’s fundamentals, revenues, or profit outlook, but it plays a crucial role in market accessibility and liquidity. By reducing the per-share price, companies make their stock more affordable for small and medium investors. This can increase trading volumes, diversify the shareholder base, and potentially improve price discovery. For institutional investors, however, the split has little impact other than improved liquidity.
Broader Impact on Adani Power
This is Adani Power’s first-ever stock split, signaling the company’s effort to democratize ownership and strengthen retail investor confidence. Industry experts note that such actions often precede a new growth phase for the company, as improved liquidity can attract both domestic and foreign investors. Given the company’s robust performance in the power sector, demand for its shares is expected to stay strong even after the split.
What Investors Should Watch
While stock splits can generate short-term excitement, experts advise investors to focus on core business fundamentals. Adani Power continues to benefit from India’s rising electricity demand, long-term power purchase agreements, and strong backing from the Adani Group. Market participants will also monitor whether the split triggers increased retail inflows and how the valuation multiples adjust over the next few quarters.