Jaiprakash Power releases 19.01% encumbrance on shares

IDBI Trusteeship Services Limited, acting as the Security Trustee for lenders, released an encumbrance covering 19.01% of the total share capital of Jaiprakash Power Ventures Limited on May 21, 2026. The disclosure, submitted to the exchanges on May 25, 2026, confirms the release of 1,30,26,97,997 equity shares. This action follows the Resolution Plan approved by the Hon'ble National Company Law Tribunal, Allahabad Bench at Prayagraj, on March 17, 2026, and the Joint Lenders' Meeting held on May 15, 2026.

The release encompasses 1,20,05,09,431 equity shares previously pledged and 10,21,88,566 shares under a non-disposal undertaking. These shares were originally held by Jaiprakash Associates Limited, the borrower. The total equity share capital of Jaiprakash Power Ventures remains 6,85,34,58,827 fully paid-up shares of ₹10 each. The disposal is treated as a disposal under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of Release

The release of encumbrance clears the security interest held by the lenders via the Security Trustee over the specified shares. The move is part of the implementation of the Resolution Plan which directed the release of the pledge.

Description	Number of Shares	% of Share Capital
Release of Pledge	1,20,05,09,431	17.517%
Release of Non-Disposal Undertaking	10,21,88,566	1.49%
Total Released	1,30,26,97,997	19.01%

Regulatory Compliance

The disclosure was made under Regulation 29(2) read with Regulation 29(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. IDBI Trusteeship Services Limited confirmed that following the release, its holding of encumbered shares in Jaiprakash Power Ventures Limited is nil.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.10%	-2.44%	-3.94%	+1.29%	+6.56%	+181.56%

Jaiprakash Power Ventures witnessed five notable block trades on the National Stock Exchange (NSE), reflecting active institutional participation in the counter. Four transactions were executed at Rs. 22.86, Rs. 22.95, and Rs. 22.51 per share, collectively amounting to Rs. 143.45 crores, while a fifth trade was recorded at Rs. 22.96 per share for Rs. 21.60 crores, bringing the total value across all five deals to Rs. 165.05 crores.

NSE Block Trade Details

The five block trades differed in size and were executed at distinct price points. The details of each transaction are presented below:

Parameter:	Trade 1	Trade 2	Trade 3	Trade 4	Trade 5
Trade Value:	Rs. 16.54 crores	Rs. 64.43 crores	Rs. 30.08 crores	Rs. 32.40 crores	Rs. 21.60 crores
Number of Shares:	~7,235,588	~28,186,275	~13,107,694	~14,393,921	~9,409,247
Price Per Share:	Rs. 22.86	Rs. 22.86	Rs. 22.95	Rs. 22.51	Rs. 22.96
Exchange:	NSE	NSE	NSE	NSE	NSE

Key Highlights

The first trade involved approximately 7,235,588 shares, valued at Rs. 16.54 crores, executed at Rs. 22.86 per share.
The second, larger trade involved approximately 28,186,275 shares, valued at Rs. 64.43 crores, also at Rs. 22.86 per share.
A third block trade was recorded for approximately 13,107,694 shares, valued at Rs. 30.08 crores, at Rs. 22.95 per share.
A fourth block trade was executed for approximately 14,393,921 shares, valued at Rs. 32.40 crores, at Rs. 22.51 per share.
A fifth block trade was recorded for approximately 9,409,247 shares, valued at Rs. 21.60 crores, at Rs. 22.96 per share.
All five trades were executed on the NSE, underscoring sustained institutional activity in the stock.