Jaiprakash Power shares rise 12% on Adani's resolution plan approval
pre-market1 source ↓written by the desknot a recommendation
- after Adani Enterprises
- 12.43%
Shares of Jaiprakash Power Ventures Ltd surged 12.43% after Adani Enterprises' resolution plan for Jaiprakash Associates Ltd was approved by the Committee of Creditors. This plan aims to revive JAL's diverse businesses, pending approvals from the National Company Law Tribunal and other regulators. The Adani Group was the only party to submit an unconditional bid, scoring highest in lender evaluation. 📈
Not investment advice. For informational purposes only.