JP Power Share Price Jumps 17% After Adani Power To Acquire 24% Stake For Rs 2,994 Crore

On Wednesday, the Indian equity benchmarks traded higher during the morning session, with the benchmark Nifty 50 index rising 0.14 per cent to 23,947.70. Power sector stocks remained in focus following major corporate developments and stake acquisition announcements. In this segment, Jaiprakash Power Ventures sharre price surged more than 17 per cent to Rs 22.48 after Adani Power announced acquisition of a 24 per cent stake in the company.

Adani Power To Acquire 24 per cent Stake In JP Power

Adani Power Limited (APL) will acquire a 24 per cent equity stake in Jaiprakash Power Ventures Limited (JPVL) from Jaiprakash Associates Limited (JAL) for Rs 2,993.59 crore. The transaction is part of the implementation of the approved resolution plan under the Corporate Insolvency Resolution Process (CIRP) of Jaiprakash Associates Limited.

According to the filing, the National Company Law Tribunal (NCLT), Allahabad Bench, approved the resolution plan submitted by Adani Enterprises Limited through its order dated March 17, 2026, along with a rectification order dated May 8, 2026.  Pursuant to the approval, Jaiprakash Associates Limited entered into a Share Sale and Purchase Agreement with Adani Power Limited on May 20, 2026.

Under the agreement, JAL will transfer its entire 24 per cent equity shareholding in Jaiprakash Power Ventures Limited to Adani Power for a consideration of Rs 2,993.59 crore.  The company clarified that the transaction involves transfer of existing shares and does not include issuance of any new equity shares.

JPVL also stated that it is not a party to the agreement.

Following completion of the transaction, the 24 per cent voting rights earlier held by Jaiprakash Associates Limited will stand transferred to Adani Power Limited.

The company further clarified that the transaction does not qualify as a related party transaction.

Compliance And Regulatory Details

JPVL stated that the agreement has been executed in accordance with the approved resolution plan and applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure also referred to relevant SEBI circulars dated July 13, 2023 and January 30, 2026.

Jaiprakash Power Ventures Shareholding Pattern

Foreign Institutional Investors (FIIs) increased stake in Jaiprakash Power Ventures Ltd to 6.58 per cent from 6.51 per cent in the previous quarter. Domestic Institutional Investors (DIIs) held 17.03 per cent stake in the company.

About Jaiprakash Power Ventures 

Jaiprakash Power Ventures Ltd was incorporated in 1994 and operates in thermal and hydro power generation, cement grinding and captive coal mining businesses.

The company operates four plants and two offices across India and also has four wholly owned subsidiaries as of March 31, 2025.

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Disclaimer: This article is for informational purposes only and not investment advice.