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Vedanta beats Adani to acquire Jaiprakash Associates in ₹17,000 crore IBC process: Report

Mining conglomerate Vedanta beat Gautam Adani’s Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, PTI reported citing sources. The bid value translates into Jaiprakash Associates’ net present value (NPV) of ₹12,505 crore. Jaiprakash Associates, which has interests in real estate, cement, power, hotels and roads, was…

Adani Gets CCI Nod to Acquire Jaiprakash Associates

New Delhi, August 28, 2025 -The Competition Commission of India (CCI) has approved the Adani Group’s proposal for the acquisition of up to 100% shareholding of Jaiprakash Associates Limited (JAL). JAL will be acquired by entities within the Adani group, including Adani Enterprises Limited (AEL), Adani Infrastructure and Developers Private Limited (AIDPL), and/or other entities. The…