Adani Power Limited has informed the Exchange about completion of acquisition of certain power related assets and investments of Jaiprakash Associates Limited
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Adani Power Limited has completed the acquisition of power-related assets from Jaiprakash Associates Limited as part of the approved resolution plan. The deal includes two components: acquisition of 24% stake in Jaiprakash Power Ventures Limited (a listed company) via a Share Purchase Agreement, and acquisition of a 180 MW thermal power plant at Churk plus 11.49% stake in Prayagraj Power Generation Company Limited via a Business Transfer Agreement. The acquisitions were consummated on May 21, 2026. This acquisition follows JAL's insolvency resolution process, with Adani picking up these assets as part of the resolution plan approved for Jaiprakash Associates.
This acquisition strengthens Adani Power's generation capacity and increases its stake in listed entities. The deal expands Adani's thermal power portfolio while JAL continues its debt resolution process. For Adani shareholders, this signals continued expansion through opportunistic acquisitions of distressed assets.