Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India’s most high-profile corporate insolvency cases, attracting significant interest from a wide array of bidders.
CNBC-TV18 has learnt that at least 26 prominent entities, including some of India’s largest conglomerates such as the Adani Group, JSW Group, Welspun, Vedanta Group, as well as Oberoi Realty, Dalmia Bharat, and Oaktree Capital are likely to submit Expressions of Interest (EOIs) to acquire the debt-laden company under the Insolvency and Bankruptcy Code (IBC).
The submission deadline for EOIs lapsed on March 25. Given the scale and strategic importance of JAL’s assets across multiple sectors and the large debt at…
