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Acquiring Company
Adani Enterprises Ltd
Acquired Company
Jaiprakash Associates Ltd (JAL)
Description
The Supreme Court has allowed Adani Enterprises Ltd's acquisition of Jaiprakash Associates Ltd while imposing a temporary restriction on significant policy decisions during the insolvency proceedings. The deal, valued at ₹14,535 crore, was supported by JAL's lenders and previously approved by the National Company Law Tribunal. The matter will continue to be heard by the National Company Law Appellate Tribunal on April 10.