New Delhi: India’s top business conglomerates, including JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun, and Torrent, have submitted expressions of interest (EoIs) for the assets of Jaiprakash Associates Ltd (JAL). The Adani Group is also expected to join the race before the final deadline of March 25, The Economic Times reported.
The competition for JAL’s assets is intensifying, with another large Delhi-based industrial house and Kotak Alternate Assets also likely to submit bids. This marks the first step in a court-monitored insolvency process, aiming to find a new owner for the company’s prized holdings.
Court-Monitored Sale of Rs 17,300-Crore…
