JPPOWERNSEJaiprakash Power Ventures Limited· PowerHighPositive
Announced Fri, 29 May · 11:12 IST

IDBI Trusteeship Services Ltd has submitted to  the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.

Pledge ReleasedOwnership Changes View source PDF

JPPOWER · price

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Price reaction · full curve 14 horizons · vs prior close
-17.9%1-day move
₹22.95
prior close
₹22.36
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.5+0.3-0.1-17.9-17.1-16.2-17.0-17.0-19.0-21.2-22.4
Up moveDown movePending
AI summary

IDBI Trusteeship Services Ltd (Security Trustee) disclosed the release of encumbrance over 1,30,26,97,997 equity shares of Jaiprakash Power Ventures Limited. This includes release of pledge on 1,20,05,09,431 shares and release of non-disposal undertaking on 10,21,88,566 shares, collectively representing 19.01% of the company's total share capital (6,85,34,58,827 equity shares). The release was executed on May 21, 2026 pursuant to NCLT Allahabad Bench order dated March 17, 2026 and the unanimously approved Minutes of the Joint Lenders' Meeting dated May 15, 2026. The borrower is Jaiprakash Associates Limited. IDBI Trusteeship Services Ltd acts as Security Trustee for lenders under the facility agreement and is not part of the promoter/promoter group. After the release, the acquirer's holding becomes nil.

Likely market impact

The release of this substantial encumbrance (19.01% stake) may signal reduced debt burden for Jaiprakash Associates Limited and could improve the free-float of shares available for trading in the market.