Adani Power entered into an agreement with Jaiprakash Associates Limited to acquire 24% of the shareholding of Jaiprakash Power Ventures. It'll also acquire a power plant of JAL located in Churk and other related assets, including 11.49% of the shareholding in Prayagraj Power Generation Company held by JAL. The move comes days after NCLAT rejected Vedanta's objection to the deal.