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Adani takeover of Jaiprakash Associates approved by creditors, upheld by Supreme Court.
Jaypee Group founder Jaiprakash Gaur endorsed the Adani Group's acquisition of Jaiprakash Associates Ltd, expressing confidence it will uphold the company's legacy.
The Committee of Creditors selected Adani for its higher upfront payment and execution plan.
While rival bidder Vedanta challenged the outcome in court, the Supreme Court recently declined to intervene, allowing the Adani takeover to proceed.
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Adani toma de Jaiprakash Asociados aprobado por los acreedores, mantenido por el Tribunal Supremo.