Vedanta Limited has received the green light from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 crore under the Insolvency and Bankruptcy Code (IBC) process. This marks a significant development in Vedanta’s bid to expand beyond its core mining and metals operations into sectors such as cement, real estate, and infrastructure. Advertisement

JAL, once the flagship of the Jaypee Group, has faced mounting financial distress, with creditors’ claims totalling nearly Rs 59,000 crore. The acquisition plan features a combination of upfront and staggered payments, reflecting the complexity of the transaction. The CCI’s approval follows a competitive bidding round, positioning Vedanta as the highest bidder for the struggling co

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