Adani Power denies reports of Jaiprakash stake hike

Adani Power Limited (ADANIPOWER) denied media reports claiming it plans to raise its stake in Jaiprakash Power Ventures to 51% by the end of 2026. The company issued the denial through an exchange filing. Adani Power currently holds a stake in Jaiprakash Power Ventures following an earlier transaction, and speculation had circulated about the company moving toward a controlling 51% position. Adani Power's exchange filing states this specific claim is not accurate. A formal denial through an exchange disclosure carries more weight than an informal comment, since it becomes part of the company's official regulatory record, something it would be answerable for if later proven false. A specific denial like this, naming an exact percentage and timeline that the company says is inaccurate, is worth taking at face value more than a vague "no comment" would be. Companies open themselves to real regulatory risk if they issue a false denial on an exchange filing, so the specificity here suggests Adani Power is confident enough to put a precise counter-claim on record rather than a general non-denial. That said, a denial of a specific reported plan does not rule out a different path toward increased involvement in Jaiprakash Power Ventures over time, just this particular version, 51% by end of 2026, as reported. I would not read this as closing the door on the relationship entirely, only on the specific claim as stated. My stance: treating the reported 51% stake-hike plan as false, per the company's own on-record denial. Watching for any actual stake changes disclosed through official filings rather than further media speculation. I do not hold Adani Power Limited or Jaiprakash Power Ventures at the time of writing.