JP Power share price surges 15%.

Shares of Jaiprakash Power Ventures (JP Power) surged over 15% in intra-day trade on Monday, extending their rally to the second session in a row after media reports suggested that Adani Group, led by billionaire entrepreneur Gautam Adani, has emerged as the highest bidder to acquire Jaiprakash Associates (JP Associates). Acquisition by a well-managed and financially strong Adani group not only bodes well for the company but also for JP Power, wherein JP Associates holds a 24% stake.