The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd
JPPOWER · price
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IDBI Trusteeship Services Ltd, acting as Security Trustee for lenders to Adani Power Limited, filed a disclosure under SAST Regulation 29(2) regarding re-pledge creation over equity shares of Jaiprakash Power Ventures Limited. Adani Power Limited (replacing Jaiprakash Associates Limited) created a re-pledge over 1,20,05,09,465 equity shares plus a non-disposal undertaking for 10,21,88,566 shares, totaling 1,30,26,98,031 shares or 19.01% of the company's share capital. This encumbrance was created pursuant to an NCLT Allahabad order dated March 17, 2026, and the Joint Lenders' Meeting dated May 15, 2026. IDBI clarified it holds no beneficial interest in the shares and acts purely as security trustee.
The 19.01% pledge encumbrance on Jaiprakash Power shares indicates Adani Power Limited has significant collateral backing for its lenders. This reflects a restructuring outcome rather than a direct stake purchase, but creates potential concentration risk if the pledge is invoked.