JP Power Share Price Jumps 15% on Monday: What's Fueling The Rally?
JP Power And JP Associates Share Price: Shares of Jaiprakash Power Ventures (JP Power), a subsidiary of Jaypee Associates Limited (JAL), have climbed 15 per cent intraday in the morning session on Monday following reports that the Adani Group has emerged as the highest bidder to acquire Jaiprakash Associates (JP Associates). Stocks of JP Power were trading at Rs 21.78 apiece at 11:30 am.
Meanwhile, Jaiprakash Associates Limited's shares also witnessed a rally to hit the 5% per cent upper circuit intraday on Monday. The trading halted in the stocks at Rs 3.19 apiece.
JP Power is a smallcap company with a market capitalization of Rs 14,872 crore (as of July 07 till 11:30 am). The scrip opened at Rs 19 apiece, against the previous day close at Rs 18.95 apiece.
On a year-to-date basis, shares of JP Power are up nearly 20 per cent.
JP Associates Insolvency
The troublesome Jaypee Associates Limited (JAL) was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. The company engages in real estate, cement, manufacturing, hospitality and engineering and construction. The company has a tax liability over Rs 57,185 crore.
JAL was taken to insolvency proceedings after the conglomerate defaulted on the payment of loans.
Gautam Adani-led conglomerate has made a bid of Rs 12,500 crore to acquire it, say reports. According to the report, Adani Group has proposed an upfront payment of more than Rs 8,000 crore without any preconditions.
Jaypee Associates Limited (JAL) has investments in subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd and several other companies.
Jaypee Group's Jaypee Infratech has already been acquired by Mumbai-based Suraksha Group through an insolvency process.
Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech are the lead runners in the acquisition of JP Associates Limited.
About JP Group
JP Group, officially known as the Jaypee Group, is an Indian industrial group founded by Jaiprakash Gaur. It has been involved in several key infrastructure and energy projects in India. The group is based in Noida, Uttar Pradesh.
Their flagship firm Jaiprakash Associates Ltd (JAL) and subsidiary Jaypee Infratech Ltd (JIL) went into insolvency proceedings.
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First Published:
July 07, 2025, 11:38 IST
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