Adani bid for Jaiprakash Associates: What's at stake?
Adani Group is looking to take over Jaiprakash Associates Ltd (JAL), a company that's been struggling with debt.
They've put in a ₹12,500 crore bid for full ownership, covering everything from JAL's real estate and cement projects to its power and hospitality businesses.
Adani offer details
Adani is ready to pay ₹3,500 crore upfront and keep another ₹890 crore inside JAL. The deal also involves possibly taking on a disputed land parcel worth ₹2,600 crore near the Yamuna Expressway.
Some of the big-ticket assets? Think Jaypee Greens and Wishtown in Delhi-NCR, plus several unused cement plants across Madhya Pradesh and Uttar Pradesh.
JAL owes creditors ₹57,185 crore
JAL owes creditors a massive ₹57,185 crore, so banks are weighing five different rescue plans—including offers from Dalmia Bharat and Vedanta.
The decision could shape who controls some major infrastructure projects next—and it's all happening under India's bankruptcy rules.
If you're curious about how big business deals go down when companies hit trouble, this one's worth keeping an eye on.