Adani pays ₹6,000 crore to Jaiprakash Associates lenders
after close1 source ↓written by the desknot a recommendation
- to lenders
- ₹6,000 crore
- resolution plan
- ₹14,535 crore
- of the admitted
- 85.43%
Adani Group has disbursed ₹6,000 crore to lenders of Jaiprakash Associates, marking the first installment of a ₹14,535 crore resolution plan. This payment follows judicial approval and the dismissal of a competing bid by Vedanta Group. The National Asset Reconstruction Company holds 85.43% of the admitted debt, indicating significant progress in the insolvency case.
Not investment advice. For informational purposes only.