Adani Power Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Adani Power Limited has completed the acquisition of 24% equity shares (1,64,48,30,118 shares) of Jaiprakash Power Ventures Limited from Jaiprakash Associates Limited through an off-market transaction. The acquisition was completed on May 21, 2026, valued at approximately INR 2,993 crore. This transaction is part of the resolution plan submitted by Adani Enterprises Limited for Jaiprakash Associates Limited, which was approved by the Hon'ble NCLT Allahabad Bench on March 17, 2026. Adani Power received exemption from making an open offer under Regulation 10(1)(da) of SEBI (SAST) Regulations, 2011.
This acquisition gives Adani Power a significant 24% stake in JPVL, positioning it as a major shareholder. Post-transaction, Adani Power holds 24% while Jaiprakash Associates holds NIL shares. This signals Adani group's expansion through insolvency route and could be positive for JPVL's turnaround prospects.