Adani Power enters definitive agreements to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and related thermal power assets from Jaiprakash Associates, according to regulatory filings and company statements reported by multiple outlets. The deal involves the purchase of 24% shares of JPVL held by Jaiprakash Associates. In addition to the stake acquisition, Adani Power signs a Business Transfer Agreement covering a 180 MW thermal power plant of Jaiprakash Associates located in Churk and other related assets.
These related assets include 11.49% shares of Prayagraj Power Generation Company Ltd held by Jaiprakash Associates. The reported overall consideration for the package is about ₹4,193.59 crore (also cited as ₹4,194 crore). One report specifies the split of consideration, stating that ₹2,993.60 crore is for the 24% shareholding of JPVL, while the remainder applies to the Churk thermal plant and the additional linked stake in Prayagraj Power Generation Company Ltd. The transactions are documented through a Share Purchase Agreement for the JPVL stake and related transfer agreements for the thermal assets.
