Adani Power announced that pursuant to the approved resolution plan for Jaiprakash Associates (JAL) submitted by Adani Enterprises, the company has entered into the following definitive agreements with JAL:
(a) Share Purchase Agreement for acquisition of 24% shares of Jaiprakash Power Ventures (a listed entity), held by JAL; and
(b) Business Transfer Agreement for acquisition of the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49% shares of Prayagraj Power Generation Company, held by JAL.
Source: Business-Standard