Adani Enterprises Ltd (AEL), the flagship firm of Gautam Adani, has secured creditor approval for its Rs 14,535 crore bid to acquire the bankrupt Jaiprakash Associates (JAL). The Adani Group company outbid Vedanta and Dalmia Bharat in the race for the infrastructure group.
“This is to inform that the Committee of Creditors (CoC) of JAL, a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC) has approved the Resolution Plan submitted by Adani Enterprises Limited (“AEL”). In this regard, AEL has received a Letter of Intent (LOI) from the Resolution Professional (RP) on November 19, 2025 at 3:05 p.m.,” AEL said in a stock exchange filing on Wednesday.
Adani got the maximum…