JP Power Surges 20% Following Major Equity Transfer Deal with Adani Power
Shares of Jaiprakash Power Ventures Ltd surged 20 percent to hit the upper circuit of Rs 22.96 on Wednesday, May 27, following the company’s announcement of a Rs 2,993.5 crore acquisition deal involving Adani Power Ltd. The rally marks a significant shift in the company’s capital structure as it integrates into a broader insolvency resolution…