Latest news with #JaiprakashAssociates
Mint
5 days ago
- Business
- Mint
JP Power share price rallies 46% in just 7 sessions, 117% from May lows. Here's what's driving the surge
Jaiprakash Power Ventures has witnessed a remarkable surge in its share price in recent sessions, driven by heightened demand on Dalal Street driven by heightened demand on Dalal Street after media reports claimed that the Adani Group had emerged as the leading bidder to acquire Jaiprakash Associates, which holds a 24% stake in Jaiprakash Power Ventures. Over the last seven trading sessions, the stock has climbed from ₹ 18.67 to a previous close of ₹ 27.23, marking a sharp gain of 46%. Notably, the stock has remained in the spotlight even as the broader Indian stock market continues to struggle in finding momentum. The stock has staged a strong comeback after hitting a one-year low of ₹ 12.52 in early May, with recent momentum pushing the total rally since then to 117.5%. Jaiprakash Associates (JAL), which has diversified business interests in real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order from the National Company Law Tribunal (NCLT), Allahabad Bench, dated June 3, 2024. JAL was taken to insolvency proceedings after defaulting on loan repayments, with creditors claiming dues amounting to ₹ 57,185 crore. The National Asset Reconstruction Company Ltd. (NARCL) leads the list of claimants, having acquired JAL's stressed loans from a consortium of lenders led by the State Bank of India (SBI). In late June, five companies, including billionaire Gautam Adani's Adani Enterprises, mining baron Anil Agarwal's Vedanta, Dalmia Bharat Cement and Mumbai-based Suraksha Group—which had earlier acquired Jaypee Infratech—expressed interest in acquiring Jaiprakash Associates, the flagship company of the Jaypee Group. However, recent media reports indicate that the Adani Group has emerged as the only bidder to submit an unconditional offer, proposing a ₹ 12,600 crore deal under the ongoing insolvency process. Jaiprakash Associates owns three commercial and industrial office spaces in the Delhi-NCR region. Its hospitality division operates five properties located in Delhi-NCR, Mussoorie, and Agra. It also holds four cement plants in Madhya Pradesh and Uttar Pradesh, along with a few leased limestone mines in Madhya Pradesh—though the cement plants are currently non-operational. Additionally, JAL has investments in several subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd, and other group entities. After facing substantial selling pressure, the stock gained momentum in June 2023. It maintained a steady uptrend in the following months until October 2024, before experiencing another round of selling amid weakness in the broader market. However, it later regained strength in March 2025 and has sustained that momentum since. Over the last two years, it gained 400% and in the last five years, it surged 1260%. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
5 days ago
- Business
- Economic Times
JP Power shares slip 5%, halting 3-day rally that added 22%
Shares of Jaiprakash Power Ventures Ltd (JP Power) declined on Tuesday, snapping a sharp three-session rally that saw the stock gain 21.7%. The stock fell as much as 4.9% to Rs 25.88 on the BSE, as traders booked profits following a recent surge driven by optimism around group-level developments. ADVERTISEMENT The decline follows a sharp three-day upswing, fuelled by heavy volumes and renewed investor interest. On Monday, JP Power rose 4.7% to Rs 24.75, extending a rally that had seen the stock hit a new 52-week high of Rs 24.86 on Friday. Technical indicators also point to a potential cooldown. The stock has been trading above all key simple moving averages, from the 5-day to 200-day marks, while the Relative Strength Index (RSI) has touched an elevated 89.8, a level widely seen as overbought. The Moving Average Convergence Divergence (MACD) remained positive at 2.1, reinforcing near-term bullishness, but analysts had warned of the likelihood of a pullback. The recent rally was partly driven by reports that the Adani Group had submitted a bid to acquire the debt-laden Jaiprakash Associates, a compnay linked to JP Power via a corporate guarantee on a $150 million external commercial borrowing, which was later converted into a rupee loan. ADVERTISEMENT Jaiprakash Associates is undergoing insolvency proceedings and has reportedly drawn interest from six bidders: Adani, Vedanta, JSPL, Suraksha Group, Dalmia Bharat and PNC Infratech. The proposals are believed to be for acquiring the company in full, raising hopes of clarity on liabilities that could benefit JP read | HCLTech shares in focus after Q1 profit drops 10% YoY to Rs 3,843 crore ADVERTISEMENT Kunal Kamble, Sr. Technical Research Analyst at Bonanza Portfolio, had earlier said that JP Power has broken out of a 17-month consolidation zone, supported by rising volume that reflects increased buyer had noted that the stock is nearing a crucial resistance at Rs 24, and a decisive close above this level could unlock stronger upside momentum. ADVERTISEMENT 'The stock's position above key exponential moving averages reflects bullish sentiment, with the recovering monthly RSI indicating renewed strength,' Kamble added, pointing to strong accumulation. He projected fresh entry potential above Rs 24, with a stop-loss at Rs 17, and sees possible medium-term upside to Rs 38–45 if momentum Tuesday's decline, the stock remains up 42.5% in 2025 so far and has delivered a 1364% return over the past five years. The stock is up 46% in 2025 so far. Also read | JP Power shares rally 7% in one week. Should you buy, sell or hold? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Bloomberg
11-07-2025
- Business
- Bloomberg
Adani Nears $1.4 Billion Buyout of Jaiprakash in M&A Comeback
Indian billionaire Gautam Adani's conglomerate is the frontrunner to buy the insolvent Jaiprakash Associates Ltd., setting the stage for his first $1 billion-plus acquisition since a short seller attack in 2023 and a US bribery probe last year. Adani Group leads the race among bidders to acquire the infrastructure developer with an unconditional bid of at least 120 billion rupees ($1.4 billion), according to people familiar with the bidding process who did not want to be named as the details are private.
India.com
08-07-2025
- Business
- India.com
Gautam Adani gives unconditional offer of Rs 126000000000, Anil Agarwal's Vedanta bids Rs 1250000000000, giants in race to buy…
Adani Group and JP Associates Deal: The Adani Group has emerged as the frontrunner in the race to acquire Jaiprakash Associates. It has submitted an unconditional offer of over Rs 12,000 crore specifically Rs 12,600 crore to acquire the company. This means Adani is willing to go through with the acquisition without seeking any special deals or changes to the existing structure, according to the Navbharat Times report. Other contenders in the race are Dalmia Bharat, Vedanta, Jindal Power, and PNC Infratech, all of whom have submitted bids with certain conditions. These conditions are related to a land dispute involving the Gautam Buddha Nagar Sports City project, which is currently under consideration by the Supreme Court. Five Bids For Jaiprakash Associates Jaiprakash Associates has received a total of five bids. Dalmia Bharat has offered Rs 14,600 crore, the highest so far, but this includes the disputed land. If the land issue remains unresolved, Dalmia's bid could drop to Rs 12,600 crore matching Adani's unconditional offer, according to a media report. What Does JP Group Do? The Jaypee Group operates across various sectors including cement, power, EPC (engineering, procurement, and construction), hotels, real estate, and sports. The bids were opened on Monday during a meeting of the Committee of Creditors (CoC). The disputed land could impact the bid values by around Rs 2,000 crore. Offers From Other Companies Vedanta has submitted a bid of Rs 12,500 crore and PNC Infratech has put forward a bid of Rs 9,500 crore. Suraksha Group, which initially showed interest, did not submit a firm bid by Monday. A report revealed that the CoC has asked all bidders to revise and improve their financial offers. The committee is encouraging all contenders to enhance their bids further. JAL Insolvency Process JAL, which has business interests spanning real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. JAL was taken to insolvency proceedings after the conglomerate defaulted on the payment of loans. Creditors are claiming a staggering Rs 57,185 crore. The National Asset Reconstruction Company Ltd (NARCL) leads the list of claimants after acquiring the stressed JAL loans from a consortium of lenders headed by the State Bank of India (SBI).
Economic Times
08-07-2025
- Business
- Economic Times
JP Associates' shares rise 5% after Adani Group emerges as sole unconditional bidder
Jaiprakash Associates shares rose 5% after reports said the Adani Group is the only bidder to make an unconditional Rs 12,600 crore offer in its insolvency process. Other bidders, including Dalmia Bharat and Vedanta, have tied their bids to a land dispute pending in the Supreme Court. The CoC has asked all bidders to revise and improve their offers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jaiprakash Associates JP Associates ) rose 5% to Rs 3.22 in intraday trade on the BSE on Tuesday after reports emerged that the Adani Group is the only bidder to submit an unconditional offer in the ongoing insolvency process . Adani has reportedly submitted a Rs 12,600 crore bid for the debt-laden company The other bidders — Dalmia Bharat Vedanta , Jindal Power, and PNC Infratech — have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, which is currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat leading with a Rs 14,600 crore offer that includes the disputed land parcel. However, if the land issue remains unresolved, Dalmia's effective bid value would fall to Rs 12,600 crore — matching Adani's unconditional offer, sources close to the matter bids for the flagship firm of the Jaypee Group—active in cement, power, EPC, hotels, real estate, and sports infrastructure—were opened at a Committee of Creditors (CoC) meeting on Monday. The disputed land is expected to impact bid valuations by around Rs 2,000 and Jindal Power submitted bids of Rs 12,500 crore and Rs 10,300 crore respectively, while PNC Infratech offered Rs 9,500 crore. The Suraksha Group, which had earlier expressed interest, did not submit a firm bid on Monday."The CoC has asked all bidders to revise and improve their financial offers," said a person familiar with the Associates is currently undergoing resolution under the Insolvency and Bankruptcy Code, with total admitted claims amounting to Rs 57,185 crore.
