Jaiprakash Associates Ltd announced that it has received five bids along with earnest money for the acquisition of the company in its entirety. In a regulatory filing, the company said, “…we wish to inform you that in response to the request for resolution plan issued in the corporate insolvency resolution process of Jaiprakash Associates Limited (RFRP), the resolution professional has received five (5) resolution plans along with earnest money, till the submission date prescribed under the RFRP.”
Who are the bidding companies?
The infrastructure and real estate firm did not mention the names of the companies which have submitted the resolution plans.
However, sources told ETNow that Adani Enterprises, Vedanta, Dalmia…