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The Shares of Jaiprakash Power Ventures surged over 18% after reports said Adani Group is the top bidder to acquire its parent, Jaiprakash Associates, for Rs 12,500 crore. With a 24% stake in JP Power, the acquisition could unlock value, as experts see strong synergies between Adanis power and cement businesses and the Jaypee Group's assets.
short by / 03:07 pm on 07 Jul
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