Adani Power has finalised the acquisition of certain power-related assets and investments from Jaiprakash Associates Limited. The completion of this transaction was announced on 21 May 2026, following the terms of the previously signed agreements.
The acquisition includes a Share Purchase Agreement (SPA) for 24% of the shares in Jaiprakash Power Ventures Limited (JVPL), a listed entity, held by Jaiprakash Associates. Additionally, a Business Transfer Agreement (BTA) was executed for the acquisition of a 180 MW thermal power plant located in Churk, along with other related assets. This includes 11.49% shares of Prayagraj Power Generation Company Limited, also held by Jaiprakash Associates.
The consummation of these acquisitions aligns with the approved resolution plan for Jaiprakash Associates, marking a significant step in Adani Power‘s strategic expansion in the power sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).