Jaiprakash Associates, JP Power shares jump: Why are the stocks rising?

New Delhi: As several big companies like Adani Group, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech have placed bids for the acquisition of Jaiprakash Associates Limited (JAL), the shares of the debt-ridden company jumped on July 7, 2025, Monday.

Jaiprakash Associates Limited is engaged in the business of real estate, cement, hospitality, engineering and construction. However, the company is in the bankruptcy process. Notably, Gautam Adani-led Adani Enterprises has placed a bid of Rs 12,500 crore to acquire JAL, reports said.

As the news came in, the shares of Jaiprakash Power Ventures Ltd and JAL surged. At the time of writing thai article, Jaiprakash Power stock traded at Rs 22.32, while the JAL shares traded at Rs 3.19 apiece.

Jaiprakash Associates share details as per BSE

52 Wk High: 10.60

52 Wk Low: 2.64

Mcap Full (Cr.): 790.38

PE/PB: - / 0.34

ROE: -88.82

Face Value: 2.00

The figures mentioned were taken from BSE website at 1:55 pm on 7th July.

Jaiprakash Associates Limited was placed in the Corporate Insolvency Resolution Process (CIRP) on June 3, 2024 under the order of the National Company Law Tribunal (NCLT), Allahabad Bench.

The company has a massive debt of Rs 57,185 crore, which led to bankruptcy. The lenders are led by National Asset Reconstruction Company Limited (NARCL), which has bought JAL's stressed loans from a consortium led by State Bank of India (SBI).

Meanwhile, the lenders have rejected Jaypee Infratech's appeal to accept its bid to acquire the bankrupt firm. Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech submitted their resolution plans to acquire JAL.

On June 25, the lenders of JAL rejected the resolution plan of Suraksha Group-owned Jaypee Infratech as the bid was submitted late and without earnest money.