Vedanta Clinches Jaiprakash Associates Deal, Outbids Adani
Published on: Sept. 5, 2025, 7:53 p.m. | Source: Devdiscourse
Vedanta has successfully outbid the Adani Group to acquire debt-laden Jaiprakash Associates Ltd (JAL) for Rs 17,000 crore. JAL, involved in real estate, cement, power, hotels, and roads, has been struggling with significant debt and was undergoing insolvency proceedings. The acquisition marks a significant move in the business landscape.
