JSW Energy exercises option to acquire full stake in JMPCL

JSW Energy Limited has exercised its call option to acquire the remaining 26% equity stake in JSW Mahanadi Power Company Limited (JMPCL), in line with its earlier acquisition of a 74% stake under an approved resolution plan.

The company, in a filing dated April 9, 2026, referred to its prior disclosure of March 6, 2025 regarding the acquisition of 74% equity in JMPCL, earlier known as KSK Mahanadi Power Company Limited, pursuant to a resolution plan approved by the National Company Law Tribunal (NCLT), Hyderabad Bench.

The call option has been exercised to acquire the balance stake from the erstwhile financial creditors of JMPCL. This is being carried out in accordance with the approved resolution plan and the Securities Holders’ Agreement (SHA) dated March 6, 2025, executed with IDBI Trusteeship Services Limited, acting on behalf of the lenders.

The move is expected to result in JSW Energy acquiring full ownership of JMPCL, subject to completion of the transaction.