Adani Power Enters Agreements to Acquire JAL Power Assets

Adani Power Ltd. has updated its disclosure regarding the acquisition of certain power assets and investments of Jaiprakash Associates Limited (JAL). The company has entered into definitive agreements with JAL to acquire 24% shares of Jaiprakash Power Ventures Limited and the 180 MW thermal power plant of JAL located in Churk, including 11.49% shares of Prayagraj Power Generation Company Limited. These acquisitions are part of the implementation of the NCLT-approved resolution plan and are expected to be consummated on the 'Effective Date' under the plan. Competition Commission of India approval has already been obtained.