Adani Enterprises, Vedanta, and Jindal Power are among companies vying to acquire Jaiprakash Associates through insolvency proceedings. The bid includes significant real estate and infrastructure assets.
New Delhi, Jun 25 (PTI) About half a dozen companies including Adani Enterprises, Vedanta and Jindal Power have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, according to sources.
On Tuesday, sources had said that Billionaire Gautam Adani group firm Adani Enterprises, mining mogul Anil Agarwal’s Vedanta, Dalmia Bharat Cement and Jaypee Infratech have 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…