CCI approves acquisition of Jaiprakash Associates Limited by Jindal Power Limited

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....CI approves acquisition of Jaiprakash Associates Limited by Jindal Power Limited<BR>Corp. Laws, SEBI & IBC<BR>Dated:- 1-10-2025<BR><BR>The Competition Commission of India has approved the acquisition ....

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....of Jaiprakash Associates Limited by Jindal Power Limited.&nbsp;The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited (Acquirer) pursuant to a co....

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....rporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The Acquirer has been incorporated under the Companies Act, 1956, and is primarily engaged in the po....

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....wer sector. The entities belonging to the Acquirer Group have a global presence in the steel, energy, and mining sectors. JAL is engaged in diverse business activities viz., real estate, cement, hosp....

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....itality, engineering, procurement, & construction (EPC) and is currently undergoing a CIRP under the IBC. Detailed order of the Commission will follow.<BR> News - Press release - PIB....