Adani Enterprises Gets NCLT Approval for Jaiprakash Associates' Resolution Plan

Pursuant to Regulation 30 of SEBI (LODR) Regulations, Jaiprakash Power Ventures Ltd. informs that the Hon'ble National Company Law Tribunal, Allahabad Bench, has orally pronounced an order approving the resolution plan submitted by M/s Adani Enterprises Ltd. with respect to the insolvency process of Jaiprakash Associates Limited. The resolution plan includes the delisting of Jaiprakash Associates Limited's securities from relevant stock exchanges. The assessment by Adani Enterprises reveals that the liquidation value is insufficient to satisfy the claims of secured creditors in full, resulting in no consideration being offered to the shareholders of Jaiprakash Associates Limited as part of the delisting process. All necessary actions in relation to the delisting will be undertaken immediately on the NCLT Approval.