hyderabadupdates.com Real Estate NCLT approves Adani Group ₹14,535 crore bid to acquire bankrupt Jaiprakash Associates

NCLT approves Adani Group ₹14,535 crore bid to acquire bankrupt Jaiprakash Associates

The National Company Law Tribunal has green-lighted Adani Enterprises’ acquisition of Jaiprakash Associates with a deal worth Rs 14,535 crore. With this bid, Adani Enterprises emerged as the leading contender for the struggling infrastructure firm, which holds a valuable portfolio that spans real estate, cement, and hospitality sectors.

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