Adani Power acquires stake in Jaiprakash Power Ventures
pre-market1 source ↓written by the desknot a recommendation
- in Jaiprakash Power
- 24% stake
- Ventures for approximately
- ₹2,993.6 cr
- ₹1,200 cr
Adani Power has signed agreements to acquire a 24% stake in Jaiprakash Power Ventures for approximately ₹2,993.6 cr and the 180 MW Churk thermal power plant for ₹1,200 cr. This move is part of the resolution plan for Jaiprakash Associates, approved by the NCLT, and aims to enhance Adani Power's generation capacity in the thermal sector.
The acquisitions are expected to strengthen Adani Power's portfolio and expand its footprint in the energy market. ⚡
Not investment advice. For informational purposes only.