Jaiprakash Associates update: About half a dozen companies, including Adani Enterprises, Vedanta and Jindal Power, have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, PTI reported, quoting sources.
On Tuesday, PTI reported that sources had said that billionaire Gautam Adani’s group firm, Adani Enterprises; mining mogul Anil Agarwal’s Vedanta; Dalmia Bharat Cement; and Jaypee Infratech had submitted their bids.
PNC Infratech is also believed to have put in its bid.
Lenders of Jaiprakash Associates Ltd (JAL) met on Wednesday to open the bids submitted by the interested parties. The last date was June 24.
The resolution plan of Jaypee Infratech Ltd, which has been acquired by Mumbai-based Suraksha…