• Source:JND

Adani Power Share Price soared nearly 3 per cent in early trade on Monday after the Adani Group's power company informed that it has agreed to acquire a 24 per cent stake in Jaiprakash Power Ventures and other thermal assets from Jaiprakash Associates for about Rs 4,193.59 crore.

Post the development, the Adani Group stock started the session in green at Rs 222.30 against the last closing of Rs 220.24. The stock extended the gaining momentum further on buying interest to touch an early high of Rs 226.40 on NSE, up 2.8 per cent from the last closing.

Meanwhile, its 52-week high and low values stood at Rs 234.40 and Rs 105.42, respectively.

JP Power Share Price: Meanwhile, reacting to the development, the shares of Jaiprakash Power Ventures Ltd (JP Power) surged over 4 per cent in early trade. At the time of writing, JP Power shares were trading at Rs 18.98, up Rs 0.67 or 3.66 per cent. The stock touched an early high at Rs 19.38 on NSE. 

Adani Power To Acquire Stakes From JP Associates

According to a regulatory filing, the company has also signed a share purchase agreement to acquire a 24% stake in Jaiprakash Power Ventures Limited, which is held by Jaiprakash Associates.

Adani Power has also signed a business transfer agreement to acquire Jaiprakash Associates' 180 MW thermal power plant in Churk and other related assets, including Jaiprakash Associates' 11.49% stake in Prayagraj Power Generation Company Limited.

According to company data, Rs 2,993.60 crore has been approved for JAL's 24 per cent stake in JPVL and Rs 1,200 crore for other ancillary assets, including JAL's 180 MW thermal power plant located at Churk and 11.49 per cent stake in JAL-owned Prayagraj Power Generation Company Ltd.

On March 19, 2026, the Company informed the Board that it had expressed its policy interest in becoming one of the "drafting entities" under the NCLT-approved resolution plan for Jaiprakash Associates Limited.

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The Company stated that it had entered into these special agreements with JAL as part of implementing the approved resolution plan. The Company had already received approval from the Competition Commission of India on August 26.

This approval was granted by the National Company Law Tribunal, Allahabad Bench, Prayagraj, on March 17, 2026, and was also upheld by the National Company Law Appellate Tribunal on May 4.


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