Adani Ports to implement Jaiprakash Associates insolvency plan
Adani Ports has expressed interest in becoming an implementing entity in the insolvency resolution plan for Jaiprakash Associates, approved by the NCLT on 17 Mar 2023. This move indicates Adani Group's strategy to acquire strategic assets through bankruptcy proceedings.
after close1 source ↓written by the desknot a recommendation
- the plan
- 17 Mar 2023
Adani Ports and Special Economic Zone Ltd has shown in-principle interest in becoming an implementing entity for the insolvency resolution plan of Jaiprakash Associates Limited. The National Company Law Tribunal approved the plan on 17 Mar 2023, allowing Adani to nominate entities for asset acquisition. APSEZ is evaluating the acquisition of specific aviation assets from JAL.
Not investment advice. For informational purposes only.