$JPPOWER JP Associates (Jaiprakash Associates Ltd.) – Latest Key News JP Associates' shares were delisted from NSE and BSE on 18 June 2026 following the approval and implementation of its insolvency resolution plan. Around 6.5 lakh shareholders have been affected by the delisting. The NCLT approved Adani Group's resolution plan worth about ₹14,500–15,000 crore, paving the way for Adani to take control of the company's assets and businesses. Adani Enterprises announced that the resolution plan has been implemented, marking a major step in completing JP Associates' insolvency process. The company had reported outstanding borrowings of over ₹55,000 crore, highlighting the severe debt burden that led to the insolvency proceedings. For existing equity investors, the resolution outcome is largely negative because in insolvency cases, equity shareholders rank last in repayment priority, and market reports indicate that shareholders may receive little or no value. Market Impact: The delisting and insolvency resolution effectively end public trading in JP Associates shares. The focus has shifted from stock-price movement to the execution of the Adani-led resolution plan.