Jaiprakash Associates Limited has successfully completed the disposal of its entire promoter stake in Jaiprakash Power Ventures Limited. The transaction involved the off-market sale of 1,64,48,30,118 equity shares, representing 24% of the company’s total share capital. The divestment was finalized on May 21, 2026, resulting in Jaiprakash Associates Limited holding zero equity shares in the power venture post-transaction.
Strategic Divestment Details
Jaiprakash Associates Limited has concluded a significant divestment, offloading its entire promoter shareholding in Jaiprakash Power Ventures Limited. As confirmed in the official disclosure, the company transferred 1,64,48,30,118 shares via an off-market transaction. This move marks the complete exit of Jaiprakash Associates Limited from its previous 24% stake in the entity.
Transaction Impact
The transaction was executed on May 21, 2026. Following this sale, the equity stake held by Jaiprakash Associates Limited in Jaiprakash Power Ventures Limited has been reduced to nil. The total voting capital of the target company stands at 6,85,34,58,827 equity shares with a face value of ₹10 each, and this exit represents a complete shift in the promoter group’s shareholding structure.
Source: BSE
