Adani Group pays ₹6,000 cr for Jaiprakash Associates resolution
pre-market1 source ↓written by the desknot a recommendation
- to lenders
- ₹6,000 crore
- resolution plan
- ₹14,535 crore
Adani Group has paid ₹6,000 crore to lenders of Jaiprakash Associates as the first installment of its ₹14,535 crore resolution plan. This payment follows the dismissal of a challenge by Vedanta Group, clearing the way for the resolution plan's implementation. This move brings significant relief to creditors after years of waiting.
Not investment advice. For informational purposes only.