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Adani Group gets green light to acquire troubled Jaiprakash Associates, outpacing competitors.
The Competition Commission of India has approved Adani Group's acquisition of Jaiprakash Associates, a company in insolvency proceedings with significant real estate and cement assets.
Adani can now acquire up to 100% of JAL's shares, competing against other interested companies like Vedanta and Jindal Power.
CCI approval is required under Supreme Court rulings for any resolution plans submitted.
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Adani Group obtiene luz verde para adquirir la problemática Jaiprakash Associates, superando a sus competidores.