Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore total

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Adani Power is set to acquire a significant stake in Jaiprakash Power Ventures and a thermal power plant. This move is part of a resolution plan for Jaiprakash Associates. The acquisitions will boost Adani Power's generation capacity and expand its presence in the thermal power sector. The deal is expected to be completed within 90 days of NCLT approval.