What will happen to Jaiprakash Associates shares after Adani wins insolvency battle?

Synopsis: The NCLT rejects Vedanta’s plea challenge and approves Adani Enterprises’ Rs 15,343 crore bid for insolvent Jaiprakash Associates. The Adani  group to now gains massive land parcels, cement capacity, and infrastructure assets through the acquisition Jaiprakash Associates Limited (JAL), once the crown jewel of the Jaypee Group, was admitted into the Corporate Insolvency Resolution…