Adani gets the nod to take over Jaypee Group for ₹13,500 crore
Adani Enterprises just scored unanimous approval from creditors to acquire Jaiprakash Associates, which has been struggling with massive debt and insolvency since June 2024.
Even though Vedanta offered more money, creditors liked Adani's plan better because it meant faster, bigger upfront payments.
For context, Jaiprakash once played a big role in India's infrastructure scene but now faces a huge ₹55,000 crore debt.
Why did Adani win out?
Adani's promise to pay back in just 1.5-2 years (versus Vedanta's five-year plan) sealed the deal—creditors wanted their money sooner rather than later.
Other companies like Dalmia Bharat and Jindal Power also threw their hats in the ring.
Now, this decision heads to the National Company Law Tribunal for final approval, with NARCL managing the process behind the scenes.