Jaiprakash Power Ventures Limited has informed the Exchange about Disclosure under Regulation 30 A read with Clause 5A of Para A of Part A of SEBI (LODR) Regulations, 2015.
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Jaiprakash Associates Limited (JAL), the promoter of Jaiprakash Power Ventures Limited (JPVL), has entered into a Share Sale and Purchase Agreement with Adani Power Limited (APL) on 20 May 2026. Under the 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 billion). This transaction is part of the implementation of the Resolution Plan for JAL, which was approved by the Hon'ble NCLT Allahabad Bench via an order dated 17 March 2026, read with a rectification order dated 8 May 2026. JPVL clarified that it is not a party to the agreement. The buyer (APL) is not related to the promoter group, and the transaction is stated not to be a related party transaction. JAL currently holds 24% voting rights in JPVL, which will transfer to APL upon completion.
The transfer of a 24% promoter stake to Adani Power Limited marks a significant change in the ownership and control structure of JPVL. Shareholders should note that while the consideration is substantial, JPVL itself is not a counterparty to the deal and the resolution plan relates to its parent company JAL's insolvency process.