Source: The Economic Times

Adani: Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources

Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd, which is undergoing insolvency. The National Company Law Tribunal has mandated that the acquisition be for the entire firm. JAL, with debts of ₹55,493.43 crore, has seen its loans transferred to the National Asset Reconstruction Company. Bidders include Adani, GMR, and Vedanta.

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Est. Annual Revenue
$10-50B
Est. Employees
10-50K
Rajesh Adani's photo - Managing Director of Adani

Managing Director

Rajesh Adani

CEO Approval Rating

82/100

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