Home / Business and Economy / Adani Power Buys 24% Stake in Jaiprakash Power Ventures
Adani Power Buys 24% Stake in Jaiprakash Power Ventures
27 May
Summary
- Adani Power acquired a 24 percent stake in Jaiprakash Power Ventures.
- The transaction value for the stake was nearly Rs 2,993.6 crore.
- This acquisition is part of Adani Power's resolution plan for Jaiprakash Associates.
Jaiprakash Power Ventures shares experienced a significant surge, climbing 20 percent to its upper circuit limit following Adani Power's acquisition of a 24 percent stake.
A formal Share Sale and Purchase Agreement was executed between Jaiprakash Associates Ltd (JAL) and Adani Power Ltd (APL). This agreement finalizes the transfer of 24 percent shareholding in Jaiprakash Power Ventures Ltd (JPVL).
The financial consideration for this substantial stake acquisition amounts to nearly Rs 2,993.6 crore. This transaction is part of a larger deal where Adani Power also acquired thermal assets.
Last week, Adani Power had announced definitive agreements for this 24 percent stake and certain thermal assets from JAL. The total value for the stake and thermal power plant assets is approximately Rs 4,193.59 crore.
Previously, on March 19, 2026, Adani Power had indicated its interest in becoming an implementing entity under the NCLT-approved resolution plan for Jaiprakash Associates Ltd. The definitive agreements solidify this involvement.
Jaiprakash Power Ventures operates across thermal and hydro power generation, with additional interests in coal mining, sand mining, and cement grinding. The company boasts a total power generation capacity of 2,220 MW from three plants, alongside a 3.92 MTPA coal mine and a 2 MTPA cement grinding unit.
