In a crucial turnaround for Jaiprakash Associates, Adani Group has clinched the majority support from lenders for a takeover offer worth Rs 14,535 crore, which brings an enticing upfront payment to the table. This strategic acquisition indicates a pivotal moment for Jaiprakash, which has been grappling with significant debt.
Adani Group wins lenders’ nod for Jaiprakash Associate takeover
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