Terms of the offer
Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been ... Initially, the Jaypee Group started as civil engineering contractors. Jaiprakash Associates Ltd., the flagship company of the Group, is a leader in Construction of river valley and hydropower projects on turnkey basis for more than 4 decades.Jal has participated in the development of 27% of India’s installed hydro power capacity. Jaypee Group undertakes projects involving: Adani Enterprises likely to top Vedanta in bidding for Jaiprakash Associates; see who will win the crucial takeover—follow updates now. Adani Enterprises has emerged as the frontrunner in the acquisition of Jaiprakash Associates (JAL) through insolvency proceedings. Their resolution plan received the highest score from the committee of creditors, surpassing competitors Dalmia Cement and Vedanta. Adani's bid is favored due to a proposed two-year payment timeline to lenders, compared to Vedanta's five-year schedule. JAL faces claims of approximately Rs 60,000 crore from financial creditors and operates in real estate, cement ...
