The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd

Pledge releasedOwnership Changes View source PDF Explain this filing

JPPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹18.78

prior close

₹18.92

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%-0.5% vs market

Power Generation peers, median of 28sector+0.6%+0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.1 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.2

15m

-0.3

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+1.2-0.5+0.6+0.1

Next day

+2.0+1.4+0.6+1.1+0.9

+22.2+2.0+20.2+2.5+19.7

+16.0+1.3+14.7+0.5+15.5

+0.3+0.5-0.2-1.2+1.5

+1.3+1.0+0.3-0.3+1.6

+1.4+1.7-0.2-1.0+2.4

15d

-4.4+3.5-8.0-2.3-2.1

-4.8+5.5-10.3-1.5-3.3

-9.5+6.3-15.8-8.2-1.3

-9.5+9.4-18.9-9.7+0.2

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IDBI Trusteeship Services Limited, acting as Security Trustee for lenders to Jaiprakash Associates Limited, has disclosed the release of encumbrance over 1,30,26,97,997 equity shares of Jaiprakash Power Ventures. This includes release of pledge over 1,20,05,09,431 shares and release of non-disposal undertaking over 10,21,88,566 shares, together constituting 19.01% of the company's total share capital. The release was executed on May 21, 2026 pursuant to an NCLT Allahabad Bench order dated March 17, 2026, and the Joint Lenders Meeting minutes dated May 15, 2026. Under Takeover Regulations, release of encumbrance is treated as a disposal. IDBI Trusteeship's post-release holding is Nil as it no longer holds any shares as security.

Likely market impact

This filing relates to a security trustee releasing pledged shares back to the borrower following NCLT approval and lender agreement. It does not directly indicate promoter stake changes but may affect future share transfer flexibility for Jaiprakash Associates.