NCLT approves Adani's ₹15,000 cr acquisition of Jaiprakash Associates
after close1 source ↓written by the desknot a recommendation
- ₹15,343 cr
- from creditors
- 93% support
- in Noida
- 4,000 acres
On 17 Mar 2026, the NCLT approved Adani Enterprises's acquisition of Jaiprakash Associates for ₹15,343 cr, rejecting Vedanta's challenge. With 93% support from creditors, Adani will gain significant assets, including 4,000 acres in Noida and cement plants in UP and MP. This move expands Adani's footprint in the cement and real estate sectors.
Not investment advice. For informational purposes only.