Adani Power Limited has informed the Exchange about Acquisition of certain power assets and investments of Jaiprakash Associates Limited
ADANIPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Adani Power has entered into definitive agreements to acquire power assets from Jaiprakash Associates Limited as part of an NCLT-approved resolution plan. The acquisitions include 24% stake in listed entity Jaiprakash Power Ventures Limited (JPVL) for INR 2,993.59 crore, and a 180 MW thermal power plant at Churk along with 11.49% stake in Prayagraj Power Generation Company for INR 1,200 crore. Total consideration is approximately INR 4,193.59 crore, payable in cash. JPVL operates 2,220 MW of power capacity along with cement grinding and coal mining operations. The NCLT approved the resolution plan on March 17, 2026, and acquisition is expected to close within 90 days of that date.
This acquisition strengthens Adani Power's generation capacity and aligns with its core business. The deal is being funded through an NCLT resolution process, reducing execution risk. Acquiring 24% of a listed entity may trigger open offer requirements under SEBI Takeover Regulations.