The Competition Commission of India (CCI) has cleared Vedanta Limited’s plan to acquire Jaiprakash Associates Limited (JAL), a company currently undergoing insolvency proceedings. The approval is part of Vedanta’s ₹17,000 crore bid made under the Insolvency and Bankruptcy Code (IBC).
As per the news reports, Vedanta Group placed the highest bid of ₹17,000 crore for Jaiprakash Associates, equivalent to a net present value (NPV) of ₹12,505 crore. The bidding process, held on September 5, 2025, saw participation from other companies, including Adani Group, Dalmia Bharat, Jindal Power, and PNC Infratech. However, only Vedanta and Adani submitted final bids, with Vedanta emerging as the top bidder.
Jaiprakash Associates entered the corporate insolvency resolution process after the National Company Law Tribunal (NCLT) in Allahabad admitted the case on June 3, 2024. The company has been under financial stress for several years due to mounting debt.
Creditors have lodged claims of about ₹59,000 crore, led by the National Asset Reconstruction Company Limited (NARCL), which took over the firm’s bad loans from a consortium of banks led by the State Bank of India.
Lenders have sought clarification on a pending case involving land allotted by the Yamuna Expressway Industrial Development Authority (YEIDA). The Allahabad High Court cancelled the land allotment in March 2025, and the matter is currently before the Supreme Court.
Lenders have requested that an additional payment be made if the dispute is resolved in Jaiprakash Associates’ favour.
Vedanta Limited is a diversified natural resources company with operations across oil and gas, metals, minerals, and power. It is a subsidiary of Vedanta Resources Limited.
Jaiprakash Associates, part of the Jaypee Group, operates in infrastructure, real estate, cement, and construction.
Read More:Vedanta Demerger: NCLT Delays Hearing Again, Sets New Date and Reviews Revised Scheme!
As of October 15, 2025, 11:02 AM, Vedanta share price was trading at ₹483.30, a 0.68% increase from the previous closing price.
The CCI’s approval allows Vedanta to move ahead with the acquisition process. A detailed order from the Commission will be issued separately.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 15, 2025, 2:39 PM IST
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