Jaiprakash Power Ventures Sees 24% Stake Transfer to Adani Power Limited
Jaiprakash Power Ventures Limited has confirmed the execution of a significant share sale agreement, detailing the transfer of a substantial promoter stake to Adani Power Limited (APL). This transaction is integral to the implementation of the Approved Resolution Plan concerning Jaiprakash Associates Limited (JAL), the promoter company.The Share Sale and Purchase Agreement was executed between JAL and Adani Power Limited. The transaction involves the disposal of 24% of the total shareholding of Jaiprakash Power Ventures Limited (JPVL) by JAL to APL. The sale consideration for this 24% stake amounts to Rs. 2,993,59,08,147.6.
The agreement's execution, dated May 20, 2026, is made pursuant to the resolution plan submitted by Adani Enterprises Limited. This plan was approved by the Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench via an order dated March 17, 2026, and a subsequent rectification order dated May 8, 2026.
The details of the transaction, including the key stakeholders and financial figures, are summarized below:
| Detail | Description |
|---|---|
| Seller | Jaiprakash Associates Limited (JAL) (The Promoter) |
| Buyer | Adani Power Limited (APL) |
| Shares Transferred | 24% of JPVL's total shareholding |
| Consideration Value | Rs. 2,993,59,08,147.6 |
| Agreement Date | May 20, 2026 |
The transfer of the 24% voting right, previously held by JAL, will stand transferred to APL. The documentation confirms that JAL is the promoter of the company, and APL is not related to JAL in any manner at the time of the transaction. Furthermore, the transfer was determined not to be a related party transaction.
JPPOWER Stock Price Movement
On Friday, Jaiprakash Power Ventures Limited shares edged higher to close at ₹18.76, gaining 1.19% for the session. The stock saw significant activity, trading on a high volume of 61.15 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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