ICICI Bank has completed the sale of 24,35,00,000 equity shares of Jaiprakash Power Ventures Ltd. This divestment, executed in multiple tranches through the open market, represents approximately 3.55% of the company’s total issued and paid-up equity share capital. The final tranche of the sale was concluded on May 15, 2026. Following this transaction, ICICI Bank’s remaining holding in Jaiprakash Power Ventures stands at 6.42%.
Details of the Share Sale
ICICI Bank has offloaded a significant portion of its equity investment in Jaiprakash Power Ventures Ltd. The total volume of shares sold amounts to 24,35,00,000 equity shares, each with a face value of Rs. 10. The shares were liquidated via open market transactions conducted in multiple phases, culminating on May 15, 2026.
Impact on Shareholding Pattern
Prior to this divestment, ICICI Bank held 68,33,61,064 equity shares in the company, accounting for 9.97% of the total voting capital. Following the disposal of the 3.55% stake, the bank’s current shareholding has been reduced to 43,98,61,064 equity shares, which represents 6.42% of the total equity share capital of Jaiprakash Power Ventures.
Company Capital Structure
As per the latest disclosures, the equity share capital of Jaiprakash Power Ventures remains at Rs. 68,53,45,88,270, divided into 6,85,34,58,827 equity shares. The sale was executed entirely through open market mechanisms, reflecting a strategic adjustment of the bank’s investment portfolio in the power sector.
Source: BSE
