JP Power shares rise on Adani Group acquisition reports
after close1 source ↓written by the desknot a recommendation
- to ₹19.65
- 1%
- amid speculation
- 25 Nov 2023
- gain over two
- 27%
- bid due
- ₹13,500 cr
Shares of Jaiprakash Power Ventures rose 1% to ₹19.65 on 25 Nov 2023 amid speculation that Adani Group is set to acquire Jaiprakash Associates. This follows a 27% gain over two days, driven by lenders favoring Adani's ₹13,500 cr bid due to its quicker payment structure compared to Vedanta's higher offer. 📈
Not investment advice. For informational purposes only.