Adani Power Limited has informed the Exchange about acquisition of certain power assets and investments of Jaiprakash Associates Limited

Listed-company acquisitionScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

ADANIPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹220.40

prior close

₹222.30

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.0%-0.3% vs market

Power peers, median of 36sector · industry level-0.3%+0.0% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and in line with its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-0.4+0.3-0.8-0.5+0.0

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+11.2+1.3+9.9+1.3+10.0

+13.2+1.5+11.6+2.6+10.6

+10.7+0.1+10.6+0.7+10.0

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15d

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UpDownMarket · Nifty 100Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Adani Power Limited has signed definitive agreements to acquire power assets from Jaiprakash Associates Limited (JAL) under an NCLT-approved resolution plan. The company will acquire 24% stake in listed entity Jaiprakash Power Ventures Limited for INR 2,993.59 crore and a 180 MW thermal power plant at Churk in Uttar Pradesh along with 11.49% stake in Prayagraj Power Generation Company Limited for INR 1,200 crore. Both acquisitions are cash transactions totaling approximately INR 4,193.59 crore. The deal is part of Adani Enterprises' resolution plan for JAL, approved by NCLT Allahabad bench on March 17, 2026. JPVL operates three power plants with aggregate capacity of 2,220 MW, a cement grinding unit, and coal mine.

Likely market impact

This acquisition strengthens Adani Power's generation capacity and adds a listed company stake to its portfolio. The deal is within core business and likely to be accretive, though the large cash outlay may temporarily impact balance sheet metrics.