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Promoter Jaiprakash Associates (JAL) is transferring its 24% stake in Jaiprakash Power Ventures (JPVL) to Adani Power (APL) for Rs. 2,993.59 Cr.

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Jaiprakash Power Ventures LimitedJPPOWER · Filed with the exchange

This shifts 24% voting rights in JPVL to APL as part of JAL's resolution plan.

JPVL is not a party to this agreement.

Read the original filing(PDF)

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