Adani Gets Lenders’ Approval to Acquire Jaiprakash Associates for ₹14,535 Crore

Adani Group has secured lenders’ consent to take over the debt-ridden Jaiprakash Associates in a ₹14,535 crore resolution plan. Sources say lenders favoured Adani’s bid due to its significantly higher upfront payment compared to competing offers, marking a major step toward resolving one of India’s long-pending insolvency cases.

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