NCLT Approves Adani's ₹14,535 Cr Jaiprakash Associates Takeover

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Resolution Plan Approved

NCLT Allahabad bench orally approves Adani Enterprises' ₹14,535 crore resolution plan March 17. Final step in acquiring bankrupt Jaiprakash Associates after June 2024 insolvency admission

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Outbid Rivals Decisively

Adani won 89-93% creditor votes defeating Vedanta (₹12,505 crore) and Dalmia Bharat bids. Offers ₹15,343 crore realizable value including ₹6,000 crore upfront cash payment immediately

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Massive Asset Haul

Acquires 3,985 acres premium NCR land (Jaypee Greens, Wishtown Noida), 4 cement plants (6.5 MTPA capacity), Yamuna Expressway tolling rights, 24% Jaiprakash Power stake

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Shareholders Get Zero

JAL's ₹5.44 lakh crore admitted claims mean recovery only 2.8%. Existing equity shareholders receive nil consideration. Company will be delisted after resolution implementation completes

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Strategic Consolidation

Boosts Adani's NCR real estate presence, adds cement capacity to Ambuja. Provides hope for 50,000+ stuck homebuyers. Implementation within 90 days via Adani Power, Adani Infra SPVs

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With Our Subscription Plans

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NCLT Approves Adani's ₹14,535 Cr Jaiprakash Associates Takeover

Resolution Plan Approved NCLT Allahabad bench orally approves Adani Enterprises' ₹14,535 crore resolution plan March 17. Final step in acquiring bankrupt Jaiprakash Associates after June 2024 insolvency admission

Outbid Rivals Decisively Adani won 89-93% creditor votes defeating Vedanta (₹12,505 crore) and Dalmia Bharat bids. Offers ₹15,343 crore realizable value including ₹6,000 crore upfront cash payment immediately

Massive Asset HaulAcquires 3,985 acres premium NCR land (Jaypee Greens, Wishtown Noida), 4 cement plants (6.5 MTPA capacity), Yamuna Expressway tolling rights, 24% Jaiprakash Power stake

Shareholders Get ZeroJAL's ₹5.44 lakh crore admitted claims mean recovery only 2.8%. Existing equity shareholders receive nil consideration. Company will be delisted after resolution implementation completes

Strategic Consolidation Boosts Adani's NCR real estate presence, adds cement capacity to Ambuja. Provides hope for 50,000+ stuck homebuyers. Implementation within 90 days via Adani Power, Adani Infra SPVs