JP Power shares surge 30% on Adani Group acquisition news
after close1 source ↓written by the desknot a recommendation
- increase to ₹22.63
- 11.75%
Shares of Jaiprakash Power Ventures have surged nearly 30% over two days, with an 11.75% increase to ₹22.63 on Thursday, following a breakthrough in the Jaypee Group’s insolvency proceedings. The rally is attributed to the Adani Group securing creditor approval to acquire Jaiprakash Associates Ltd. for approximately $1.5 billion. This positive sentiment may continue to influence trading in the near term.
Not investment advice. For informational purposes only.