Adani Group has approached the Competition Commission of India (CCI) to seek approval for acquiring up to 100 per cent stake in Jaiprakash Associates Ltd (JAL), which is currently undergoing a corporate insolvency resolution process (CIRP).
According to a notice filed with CCI, the proposed acquisition would be carried out by Adani Enterprises Ltd (AEL) and Adani Infrastructure and Developers Pvt Ltd, or any other entity within the group….