Acquiring Company
Adani Enterprises Limited
Acquired Company
Jaiprakash Associates Limited
IndiaNoidaCyber SecurityReal EstateConstructionDescription
Adani Enterprises has received approval for its resolution plan to acquire Jaiprakash Associates Limited, valued at Rs. 14,535 crore. The National Company Law Appellate Tribunal dismissed Vedanta's appeal against the decision, allowing Adani to proceed. The acquisition follows a competitive bidding process amid significant debts held by JAL.
M&A Insights
Based on deal dataFrequently asked
Who acquired Jaiprakash Associates Limited?
Jaiprakash Associates Limited was acquired by Adani Enterprises Limited, based in India. The deal was reported on August 1, 2026. Adani Enterprises Limited is a part of the Adani Group, which operates in various sectors such as energy, transport, logistics, and technology. Adani Enterprises Limited is privately held and operates in Cyber Security.
When did Adani Enterprises Limited acquire Jaiprakash Associates Limited?
Adani Enterprises Limited's acquisition of Jaiprakash Associates Limited was reported on August 1, 2026. Adani Enterprises has received approval for its resolution plan to acquire Jaiprakash Associates Limited, valued at Rs. 14,535 crore. The National Company Law Appellate Tribunal dismissed Vedanta's appeal against the decision, allowing Adani to proceed. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Jaiprakash Associates Limited do?
Jaiprakash Associates is an infrastructure company engaged in diverse sectors such as real estate, cement, power, and hotels. Currently, it is facing bankruptcy under India’s Insolvency and Bankruptcy Code (IBC). It is privately held, operating in Real Estate, and is based in Noida.