Adani Group’s Rs 14,000-Crore Supply For Jaiprakash Associates Tops The Checklist

Adani Group in Pole Position to Acquire Jaiprakash Associates

According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore.With no limitations attached, the company has offered an upfront payment of about INR 8,000 crore.However, if a legal issue pertaining to its JP's sports city project is settled, Dalmia Group is anticipated to present a serious challeng…

Adani Group’s Rs 14,000-Crore Supply For Jaiprakash Associates Tops The Checklist

A virtually Rs 14,000-crore provide by Adani Group has topped the checklist of 5 potential bidders for Jaiprakash Associates Ltd, below the insolvency proceedings, two folks stated. The provide seemingly contains round Rs 11,000 crore which will probably be paid upfront, the folks quoted above stated. Dalmia Bharat’s Rs 11,000 crore is the second within the checklist. At present, each bidders are eyeing the cement companies of Jaiprakash Associa…