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CCI Approves Vedanta’s Acquisition Of Jaipraksh Associates

The Competition Commission of India (CCI) on Tuesday said that it has approved the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code (IBC). Vedanta had submitted a resolution plan to acquire JAL, which is currently undergoing insolvency proceedings initiated by…