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Vedanta leads the race to acquire debt-laden Jaiprakash Associates for Rs 17000 crore, surpassing other bidders in the insolvency process.
Vedanta leads the race to acquire debt-ridden Jayprakash Associates Limited.
Vedanta Share Price: Vedanta shares are in focus today, September 08, after it emerged as a frontrunner in bidding to acquire debt-ridden Jaiprakash Associates (JAL) at the cost of Rs 17,000 crore, surpassing Adani Group and other bidders. The bid value translates into Jaiprakash Associates’ net present value of Rs 12,505 crore.
The companies that participated in the bidding also include Dalmia Bharat, Jindal Power and PNC Infratech.
Gautam Adani-led conglomerate has made a bid of Rs 12,500 crore to acquire it.
Meanwhile, shares of Jayprakash Associates will also in focus on Monday.
JP Associates Insolvency
The troublesome Jaypee Associates Limited (JAL) was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. The company engages in real estate, cement, manufacturing, hospitality and engineering and construction. The company has a tax liability over Rs 57,185 crore.
JAL was taken to insolvency proceedings after the conglomerate defaulted on the payment of loans.
Jaypee Associates Limited (JAL) has investments in subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd and several other companies.
Jaypee Group’s Jaypee Infratech has already been acquired by Mumbai-based Suraksha Group through an insolvency process.
Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech are the lead runners in the acquisition of JP Associates Limited.
About JP Group
JP Group, officially known as the Jaypee Group, is an Indian industrial group founded by Jaiprakash Gaur. It has been involved in several key infrastructure and energy projects in India. The group is based in Noida, Uttar Pradesh.
Their flagship firm Jaiprakash Associates Ltd (JAL) and subsidiary Jaypee Infratech Ltd (JIL) went into insolvency proceedings.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 08, 2025, 07:05 IST
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