Adani Enterprises has received creditors’ approval for its takeover proposal of Jaiprakash Associates. The company has not disclosed the bid value. If the deal materialises, Adani Enterprises will gain control over seven business verticals of Jaiprakash Associates, which reported revenue of Rs 65 billion and assets valued at over Rs 350 billion in 2024-25. The other four bidders are Vedanta, Dalmia Bharat, Jindal Power and PNC Infratech.
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