The debt-ridden company Jaiprakash Associates Limited operates in the real estate, cement, power, hotel, and infrastructure sectors. Gautam Adani- File image

New Delhi: In a major development, Gautam Adani has decided to acquire Jaiprakash Associates Limited through the insolvency process. According to the reports, Adani Enterprises has offered to complete the payment within two years, while the Vedanta Group has proposed a five-year payment plan. In September this year, Vedanta Limited outbid the Adani Group by offering the highest bid.

Vedanta Group had proposed a valuation of Rs 12,505 crore for Jaiprakash Associates Limited. In this bidding round, Dalmia Cement, Jindal Power Limited, and PNC Infratech Limited did not participate. It is important to note that the debt-ridden company

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