Adani Power Completes Acquisition of Jaiprakash Assets

Adani Power Ltd has completed the acquisition of certain power-related assets and investments of Jaiprakash Associates Limited (JAL). This includes the acquisition of 24% shares of Jaiprakash Power Ventures Limited (JVPL) and the 180 MW thermal power plant of JAL located in Churk, along with related assets, including 11.49% shares of Prayagraj Power Generation Company Limited. The acquisitions were consummated according to the terms of the JPVL SPA and the BTA, and as per the approved resolution plan for JAL.