CCI approves Vedanta’s acquisition of Jaiprakash Associates

The Competition Commission of India (CCI) has approved the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited. Vedanta, a subsidiary of Vedanta Resources Limited, operates across sectors such as oil and gas, critical minerals, power, and metals, including zinc, copper, aluminium, and steel. JAL, currently under corporate insolvency resolution process, is a diversified infrastructure and industrial company with interests spanning real estate, cement, engineering, procurement, and construction, hospitality, and other sectors, including power, fertilisers, and aviation through its group companies. The transaction marks a strategic expansion of Vedanta’s portfolio through the distressed asset route.