Mumbai/IBNS, Nov. 20 -- The shares of Jaiprakash Power Ventures Ltd. on Thursday surged by 12.26% stretching the gains to 29.25% in two days of trading, in a massive boost following a major decision taken related to its associate company, media reports said.

The stock prices surged to as high as Rs. 22.80.

The recent spike is reported after Adani Enterprises has been chosen unanimously to acquire JP's associate company Jaiprakash Associates Ltd. under the insolvency process.

However, the lenders chose Adani Enterprises with a higher amount.

Published by HT Digital Content Services with permission from India Blooms....