In Short : The promoters of Jaiprakash Associates have submitted a fresh ₹18,000 crore revival plan to lenders aimed at restructuring the company’s massive debt and stabilizing operations. The proposal includes asset sales, debt repayment, and strategic investments to revive the infrastructure conglomerate, which has been facing severe financial stress and insolvency proceedings in recent […]
CCI Approves Vedanta’s ₹17,000-Crore Acquisition of Jaiprakash Associates, Boosting Infrastructure Expansion – EQ
In Short : The Competition Commission of India (CCI) has approved Vedanta Limited’s ₹17,000 crore acquisition of Jaiprakash Associates Limited (JAL) under the Insolvency and Bankruptcy Code. Vedanta, the highest bidder, will pay ₹3,800 crore upfront with the remainder in installments over five years. The acquisition expands Vedanta into cement and infrastructure, enabling operational synergies […]
Jindal Power Secures CCI Approval to Acquire Debt-Laden Jaiprakash Associates, Boosting Generation Portfolio – EQ
In Short : Jindal Power has secured CCI approval to acquire debt-laden Jaiprakash Associates. The acquisition will expand Jindal Power’s generation portfolio and provide access to Jaiprakash’s operational assets. This strategic move strengthens Jindal Power’s market presence while aiding the resolution of Jaiprakash Associates’ financial challenges, supporting operational continuity and enhancing the company’s long-term growth […]
Vedanta Moves to Acquire Debt-Hit Jaiprakash Associates in Strategic Expansion – EQ
In Short : Vedanta has approached the Competition Commission of India (CCI) seeking approval to acquire debt-ridden Jaiprakash Associates. The move is part of Vedanta’s strategy to expand its portfolio and strengthen its presence in the infrastructure and cement sectors. If cleared, the acquisition could provide financial relief to Jaiprakash Associates while boosting Vedanta’s growth […]
Investors Compete for JP Power as Jaiprakash Associates’ Auction Puts Future at Stake – EQ
In Short : Investors are actively competing for stakes in JP Power as parent company Jaiprakash Associates faces an auction today. The heightened interest underscores the power sector’s investment potential, with bidders seeking strategic opportunities ahead of restructuring. The auction’s outcome will be crucial in determining JP Power’s financial stability, ownership structure, and growth path […]