Adani, Vedanta, Patanjali, and 23 other companies are vying to acquire Jaiprakash Associates, which is undergoing insolvency proceedings due to defaulted loans. The company has significant assets in real estate, cement, and hospitality.
New Delhi, Apr 6 (PTI) Billionaire Gautam Adani’s group, mining mogul Anil Agarwal’s Vedanta, and yoga guru Baba Ramdev’s Patanjali Ayurveda are among the 26 suitors looking to acquire Jaiprakash Associates.
Others who showed interest in acquiring Jaiprakash Associates Ltd (JAL), currently under insolvency proceedings initiated to recover defaulted loans, include Ahmedabad-based Torrent Group, Jindal Power, Dalmia Cement, GRM Business, Oberoi Realty and Kotak Alternate Asset Managers Ltd, according to a…
