Adani Power To Acquire 24% Stake In JP Power For ₹4,193 Cr; Stock Market Reacts

Added: 2026-05-21

[00:00:00]Adani Power on Thursday said that it's signed definitive agreements to acquire a 24% stake in Jaiprakash Power Ventures or JP Power and a 180 megawatt thermal power plant from Jaiprakash Associates Limited. This was a part of the insolvency resolution process for the debt-ridden conglomerate.

[00:00:20]In a regulatory filing, the company said that the acquisition is being carried out under the NCLT approved resolution plan for Jaiprakash Associates submitted by Adani Enterprises.

[00:00:31]Adani Power said it has entered into a share purchase agreement for acquiring a 24% share of JP Power held by JAL.

[00:00:39]It also signed a business transfer agreement to acquire JAL's 180 megawatt thermal power plant in [music] Churk, UP along with related assets, including an 11.49% stake in Prayagraj Power Generation Company.

[00:00:54]Adani Power said the acquisitions align with its core power generation business.

[00:00:59]The stock market reacted accordingly.

[00:01:02]The Adani Power stock first surged 2% in the morning trade on May 21st, [music] but then fell. By the time of writing the story, Adani Power shares were trading at 220 rupees a share, down 0.11% since yesterday.

[00:01:15]JP Power shares were up 1.86% and sat at 18.65 rupees a share.

[00:01:22]Over the last 5 days, the stock surged 6.88%.

[00:01:26]The restructuring framework divides JAL diverse infrastructure, manufacturing, and energy portfolio across various Adani Group verticals.

[00:01:42]>> [bell] >> In a world where business never stops, Mint keeps you ahead any screen, anytime.

[00:01:55]From studios to the ground, Mint breaks down business, leadership, and lifestyle. Boldly, visually, and smartly.

[00:02:03]From boardrooms to markets, from personal wealth to industry trends, we bring you the insights that matter.

[00:02:11]Mint is doing brilliantly well. It's a well-read page, I would think.

[00:02:16]What fuels India's biggest CEOs? Ride along and find out.

[00:02:21]I have to work that much harder. I have to put that much more into 40 years.

[00:02:26]Earlier I could say no, you know, I can't afford this. Yeah. But now I can.

[00:02:30]Want to invest like the pros? Learn from India's top market experts.

[00:02:36]Things like that worry me about markets.

[00:02:38]>> I don't want to buy a house to invest in.

[00:02:44]Your money, your future. We make finance simple.

[00:02:48]Step inside breathtaking homes and the creative minds behind them.

[00:02:53]So, we are at the house in Camellias. I think Camellias is the most expensive property in the NCR and probably the most expensive in the country.

[00:03:03]India's real estate scene decoded. No jargon, no fluff.

[00:03:09]Home buyers will have more bargaining [music] power. It's a great time to buy a house as well.

[00:03:17]Some chase success, others create it.

[00:03:20]Meet the ones who made the impossible possible. I don't want to be a doctor. I don't want to be an engineer. I don't want to be an accountant.

[00:03:26]>> that the most fragile thing.

[00:03:28]Hopefully it'll go away.

[00:03:35]>> [music] >> We don't just talk business, we show it.

[00:03:39]And the world's watching.

[00:03:42]>> [music]