Tue Sep 23 04:10:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Adani Power Stock Split Takes Effect, Shares Buzz with Activity**

**Mumbai, India – September 22, 2025** – Adani Power’s highly anticipated stock split in a 1:5 ratio took effect today, September 22, sending ripples through the market. The share price is actively trading as investors digest the implications of the split, particularly in light of a recent positive report from SEBI.

The stock split, approved by shareholders earlier this month, divides each existing share with a face value of ₹10 into five shares with a face value of ₹2. Theoretically, yesterday’s closing price of ₹709.05 will adjust to ₹141.81 per share. While the price per share decreases, investors will now hold five shares for every one previously held, maintaining the overall value of their holdings. The total number of outstanding shares will increase from 385.69 crore to over 1,928 crore.

“This is a significant moment for Adani Power as it’s the first stock split in the company’s history,” noted one market analyst. “The increased liquidity should make the stock more accessible to a wider range of investors.”

The company clarified that the stock split is different from a bonus issue. In a stock split, existing shares are divided, affecting dividend entitlement proportionally. A bonus issue provides additional shares from accumulated earnings while the face value remains unchanged.

Adding to the positive sentiment, Morgan Stanley has reaffirmed its confidence in Adani Power, naming it their “Top Pick” in the utilities sector with an “Overweight” rating and a target price of ₹818. This represents a potential upside of nearly 30% from current levels. Morgan Stanley highlights the company’s turnaround, citing progress on regulatory issues and value creation through strategic acquisitions.

**In unrelated news**: International student arrival in the US has declined by 19% in August 2025 due to strict policies and a further decline is expected in September.

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