ICICI Bank reduces stake in Jaiprakash Power Ventures to 4.40%

ICICI Bank Limited has reduced its shareholding in Jaiprakash Power Ventures Ltd by selling 13,80,00,000 equity shares through open market transactions. The disposal, representing approximately 2.01% of the paid-up equity share capital, was executed in multiple tranches, with the final sale occurring on July 03, 2026. Following the transaction, the bank's holding in the company has decreased from 6.42% to 4.40%.

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ICICI Bank clarified that it does not belong to the promoter or promoter group of the target company. The shares sold carried voting rights, and there were no encumbrances or other instruments involved in the transaction.

Shareholding Details

The sale has altered the bank's position in Jaiprakash Power Ventures Ltd . Prior to the sale, ICICI Bank held 43,98,61,064 equity shares, which accounted for 6.42% of the total voting capital. Post-transaction, the bank retains 30,18,61,064 equity shares.

Description	Number of Shares	% of Total Share Capital
Holding Before Sale
Shares carrying voting rights	43,98,61,064	6.42%
Details of Sale
Shares sold	13,80,00,000	2.01%
Holding After Sale
Remaining shares	30,18,61,064	4.40%

The total equity share capital of Jaiprakash Power Ventures Ltd remains at Rs. 68,53,45,88,270, comprising 6,85,34,58,827 equity shares of Rs. 10 each. The diluted share capital also remains unchanged following the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.35%	-5.67%	-6.72%	+2.19%	-27.10%	+154.39%

Jaiprakash Power Ventures Limited has appointed Smt. Shruti Anup Shah and Shri Jayant Misra as Independent Directors effective July 1, 2026. This follows the cessation of Smt. Binata Sengupta, who completed her maximum possible tenure of two terms under Section 149(11) of the Companies Act, 2013. The changes were disclosed to the stock exchanges in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Smt. Binata Sengupta ceased to be a director at the close of business hours on July 1, 2026. The company had previously disclosed the upcoming appointments of the new directors on May 4, 2026. The filing was signed by Mahesh Kumar Chaturvedi, General Manager and Company Secretary.

Board Composition Changes

The following changes have been made to the board of jaiprakash power ventures :

Director Name	DIN	Status	Effective Date
Smt. Binata Sengupta	08779205	Cessation	July 1, 2026
Smt. Shruti Anup Shah	08337714	Appointment	July 1, 2026
Shri Jayant Misra	11277894	Appointment	July 1, 2026

The appointments ensure the company maintains compliance with regulatory requirements regarding board composition and the tenure of independent directors.