Shares of (JP Power) slipped in Friday's trade, pausing their two-day sharp upward movement. The stock declined 8.51 per cent to hit a day low of Rs 19.79.

The counter was buzzing recently following an update indicating that creditors of its associate company, (JP Associates), unanimously voted in favour of Adani Enterprises Ltd's resolution plan. Advertisement

The decision came after an electronic auction held in September, where Vedanta had initially emerged as the highest bidder with a Rs 17,000 crore offer for the debt-laden JP Associates. However, lenders reportedly opted for Adani Enterprises, with higher upfront payments cited as the key factor behind the selection.

In a separate exchange filing, the company recently disclosed that its Non-Executive Chairman, Manoj Gaur, has bee

See Full Page