Adani Enterprises wins approval for ₹14,535 cr acquisition
pre-market1 source ↓written by the desknot a recommendation
- bid to acquire
- ₹14,535 crore
Adani Enterprises Ltd has secured creditor approval for its ₹14,535 crore bid to acquire Jaiprakash Associates, outbidding Vedanta and Dalmia Bharat. The Committee of Creditors voted 89% in favor of Adani's resolution plan, with the National Asset Reconstruction Company holding significant influence in the process. This acquisition may enhance Adani's infrastructure portfolio.
Not investment advice. For informational purposes only.