Disclosure
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has completed implementation of its NCLT-approved resolution plan submitted by Adani Enterprises Limited. On May 21, 2026 (Effective Date), sale transactions with Adani Power Limited and Adani Ports were consummated. The Monitoring Committee approved allotment of 50 million equity shares to Adani Infra India Limited (AIIL) and its nominees for INR 1 crore. Crucially, the entire existing share capital (equity and preference) has been cancelled and extinguished, with AIIL now holding 100% of the company. The company has been delisted and a new board comprising Adani Infra executives has been appointed.
Existing shareholders of Jaiprakash Associates have been completely wiped out as all pre-resolution share capital is cancelled for zero consideration. The company is now fully controlled by Adani Infra India and has been delisted from stock exchanges, meaning remaining shareholders will receive no liquidity.