Disclosure under regulation 30
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has announced the signing of definitive agreements for asset sales as part of its NCLT-approved resolution plan submitted by Adani Enterprises Limited. A monitoring committee was constituted on May 18, 2026 to oversee implementation. Three agreements were signed on the night of May 20, 2026: (1) Business Transfer Agreement with Adani Power Limited for 180 MW thermal power plant at Churk and 11.49% stake in Prayagraj Power Generation Company for INR 1,200 crore; (2) Share purchase agreement with Adani Ports & Special Economic Zone Limited for 100% stake in Jaypee Fertilizers & Industries (holding KFCL) for INR 1,500 crore; (3) Share purchase agreement with Adani Power for 24% stake in JPVL for INR 2,993.59 crore. Total consideration is approximately INR 5,693.59 crore. The buyers are not related to the company's promoter group.
This marks the execution phase of Jaiprakash Associates' insolvency resolution under IBC. With approximately INR 5,700 crore in asset sales to Adani group entities, creditors can expect significant recovery. Completion is tied to the Effective Date of the Resolution Plan.