Jaiprakash Associates Shares To Be Delisted From BSE And NSE On 18 June

Shares of Jaiprakash Associates Limited (JAL) will be removed from trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with effect from 18 June, following the completion of the company's insolvency resolution process.

In a regulatory filing issued on Monday, the company confirmed that it had received final approval from both exchanges for the delisting of its equity shares. JAL also expressed gratitude to the exchanges for their support and cooperation throughout the period during which its securities remained listed.

Insolvency Process And Adani Acquisition

The company entered into the CIRP in June 2024. Nearly two years later, the company received a lifeline. On 17 March 2026, the Allahabad Bench of the NCLT approved a ₹14,535 crore resolution plan submitted by Adani Enterprises.

The approved plan covers several high-profile assets owned by JAL, which include the Jaypee Greens township projects and the Jaypee International Sports City development.

First Payment Made To Lenders

In late May, the Adani Group reportedly released approximately ₹6,000 crore to JAL's lenders as the first instalment under the approved resolution plan. The payment represented a major step forward in resolving one of India's longest-running insolvency proceedings.

The transfer was welcomed by creditors, many of whom had been awaiting recovery of dues for several years.

Adani Power Expands Presence Through Additional Acquisitions

The resolution process also includes a separate transaction involving Adani Power. The company has agreed to acquire around 24% stake in Jaiprakash Power Ventures Limited (JPVL) from Jaiprakash Associates. The deal is worth around ₹2,994 crore.

The transaction also includes the acquisition of the 180 MW Churk thermal power plant in Uttar Pradesh for approximately ₹1,200 crore.

Also Read - Stock Market Update 16 June 2026: Indices Trade A Bit Higher After Market Opening

What’s For Existing Shareholders?

JAL's shareholder base stood at nearly 6.48 lakh as of 31 March 2026. Retail investors dominated the register, with around 6.4 lakh shareholders holding roughly 45% of the company's equity. ICICI Bank was among the biggest institutional investors, with a stake of nearly 8%.

For shareholders, however, the outcome is unlikely to be favourable. The resolution plan provides for the cancellation of the existing share capital. Once implemented, current shareholders will cease to hold any equity in the company and will not receive any payout for their shares.

Source:

Economic Times