India, May 25 -- In a major development in the ongoing Corporate Insolvency Resolution Process (CIRP) of Jaiprakash Associates Limited (JAL), Jaiprakash Power Ventures Limited informed both NSE and BSE on May 23, 2026, that its promoter company JAL has entered into final agreements to transfer its shareholding in JPVL to Adani Power Limited (APL).

Shares of Jaiprakash Power Ventures Limited traded marginally higher on Monday, rising 3.5% to an intraday high of Rs. 19.42. The stock opened at Rs. 19.07 against the previous close of Rs. 18.76, with trading volumes remaining extremely strong as over Rs. 134 crore worth of shares changed hands by mid-session. Investor focus remained on the proposed transfer of JAL's 24% promoter stake to Adan...