The Economic Times

Adani Power strikes Rs 4,200 crore deal for Jaypee power assets amid group overhaul

Adani Power is set to acquire stakes in Jaypee Group's power companies for approximately 4,200 crore. This move will boost Adani Power's generation capacity and thermal power presence. The deal includes a stake in Jaiprakash Power Ventures and the Churk thermal power plant. This acquisition is part of a larger restructuring of the debt-laden Jaypee Group.