Adani Enterprises Limited completed the acquisition of 24% stake in Jaiprakash Power Ventures Limited from Jaiprakash Associates Limited for INR 29.9 billion.
Adani Enterprises Limited (BSE:512599) agreed to acquire 24% stake in Jaiprakash Power Ventures Limited (NSEI:JPPOWER) from Jaiprakash Associates Limited (BSE:532532) for INR 29.9 billion on March 17, 2026. Adani Enterprises Limited entered into share purchase agreement to acquire 24% stake in Jaiprakash Power Ventures Limited from Jaiprakash Associates Limited on May 21, 2026. A cash consideration of INR 29.94 billion will be paid by Adani Enterprises Limited.
The transaction is expected to close in 90 days from March 17, 2026. The transaction was approved by National Company Law Tribunal on March 17, 2026 and from Competition Commission of India on August 26, 2025.
Adani Enterprises Limited (BSE:512599) completed the acquisition of 24% stake in Jaiprakash Power Ventures Limited (NSEI:JPPOWER) from Jaiprakash Associates Limited (BSE:532532) on May 21, 2026.
Jaiprakash Power Ventures Limited is an India-based company, which is engaged in the business of generation of thermal and hydropower, cement grinding and captive coal mining. Its segments include Power, Coal, Sand Mining, and Others, Cement Grinding. The Company owns and operates approximately 400 megawatts (MW) JaypeeVishnuprayag Hydro Electric Plant in District Chamoli, Uttarakhand; 1320 MW JaypeeNigrie Super Thermal Power Plant at Nigrie, District Singrauli, Madhya Pradesh, and 500 MW JaypeeBina Thermal Power Plant at Village Sirchopi, District Sagar, Madhya Pradesh. It is operating a cement grinding unit at Nigrie, District Singrauli, Madhya Pradesh and is also engaged in captive coal mining operations at Amelia Coal Block for the supply of coal to JaypeeNigrie Super Thermal Power Plant. The Company's subsidiaries include Sangam Power Generation Company Limited, Jaypee Arunachal Power Limited, Jaypee Meghalaya Power Limited and Bina Mines and Supply Limited.
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Adani Enterprises Limited completed the acquisition of 24% stake in Jaiprakash Power Ventures Limited from Jaiprakash Associates Limited for INR 29.9 billion.
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