The Competition Commission of India (CCI) said it has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Vedanta Ltd. (Photo source: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Fair trade regulator CCI on Tuesday said it has given in-principle approval to mining conglomerate Vedanta's proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding.

"The proposed combination envisages acquisition of Jaiprakash Associates Ltd (JAL) by Vedanta Ltd (acquirer) pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016," the regulator said in a release.

The Competition Commission of India (CCI) said it has approved the acquisition of Jaiprakash Asso

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