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Jaiprakash Associates' creditors prepare to vote on Adani Enterprises' takeover bid to resolve financial distress and deliver homes.
Jaiprakash Associates Limited, facing financial distress since its 2024 insolvency filing, is nearing a resolution as its Committee of Creditors prepares to vote on a takeover plan within two weeks.
Adani Enterprises' bid leads, scoring highest in evaluations for feasibility, stakeholder treatment, and timeliness, offering the only unconditional plan with a commitment to deliver homes to over 1,000 buyers within court-mandated timelines.
While Vedanta submitted a higher counter-bid, its payment terms are back-ended over five years, and Dalmia’s plan depends on a Supreme Court ruling.
The promoters’ settlement offer lacks clear funding and is seen as disruptive.
A successful resolution could bring financial stability to creditors and deliver long-awaited homes, while paving the way for resolving Jaiprakash Power Ventures Limited.
Los acreedores de Jaiprakash Associates se preparan para votar sobre la oferta de adquisición de Adani Enterprises para resolver las dificultades financieras y entregar las viviendas.