Adani Enterprise likely to takeover Jaiprakash Associates after Rs 13,500 crore bid
Adani Enterprises has been approved by creditors to take over Jaiprakash Associates, offering a bid of Rs 13,500 crore. Despite Vedanta’s higher bid of Rs 17,000 crore, Adani was preferred for its larger upfront payment. The bid proposed a shorter payment timeline, which swayed stakeholders and creditors. Other bidders included Dalmia Bharat, Jindal Power, and PNC Infratech.