Disclosure under Regulation 30 A read with clause 5A to Para A of Part A of SEBI (LODR) Regulations, 2015, regarding certain definitive agreements entered into by the Jaiprakash Associates ....
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Jaiprakash Power Ventures Limited (JPVL) has disclosed that its promoter company, Jaiprakash Associates Limited (JAL), has entered into a Share Sale and Purchase Agreement with Adani Power Limited (APL). Under this agreement, JAL will transfer its 24% shareholding in JPVL to APL for a consideration of Rs. 2,993.59 crore (approximately Rs. 2,993,59,08,147.6). The agreement was executed on 20 May 2026 and is part of the Resolution Plan for JAL approved by NCLT Allahabad Bench (order dated 17 March 2026). JPVL has clarified that it is not a party to this agreement. The transaction is not classified as a related party transaction. Following the transfer, the 24% voting rights currently held by JAL will stand transferred to APL.
The transfer of 24% stake from the promoter to Adani Power Limited will result in a significant change in the shareholding pattern of JPVL. This may trigger an open offer obligation under SEBI regulations if the acquisition crosses the 25% threshold or results in a change of control.