Jaiprakash Associates

Battle for JAL: Are Adani or Vedanta stocks worth the risk? Analysts decode

Vedanta and Adani group are involved in an intense battle to acquire assets of insolvent Jaiprakash Associates. Technically, Vedanta stock seems to be favourably placed on charts, says Bonanza analyst

Better cash recovery and track record kept Adani ahead in JAL race

NCLT clears Adani Enterprises' ₹15,000 crore JAL plan despite lower bid, spotlighting IBC's shift from highest offer to recovery certainty

UltraTech settles dispute with Jaiprakash over Dalla Super unit and mines

Leading cement maker UltraTech Cement on Thursday said it has settled with Jaiprakash Associates Ltd (JAL) in the ongoing arbitration over the Dalla Super unit and associated mines. In a regulatory filing, UltraTech Cements said it will redeem 1,00,000 Series A Preference Shares of face value Rs 1,00,000 each totalling Rs 1,000 crore. This settlement will also help in monetisation of the assets of JAL in its ongoing Corporate Insolvency Resolution Process (CIRP), in which rival Adani Group has emerged as the successful resolution applicant (bidder). With this, a long-standing dispute between UltraTech and debt-ridden JAL, which is currently going through insolvency resolution, has come to an end. "Subsequent to the Parties reaching a settlement in respect of the arbitration and the Arbitral Tribunal passing a final award today viz. 26th March, 2026, all rights and interests in the Dalla Super unit and mines have fully vested in the company, and all claims/proceeds and liabilities .

Jaiprakash Power tanks 10% as Vedanta challenges Adani's JAL bid

The selling on the counter came after Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT's approval to Adani Group's bid for acquiring JAL

Vedanta moves NCLAT against Adani bid to acquire Jaiprakash Associates

Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT's approval to Adani Group's bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd. On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved Adani Enterprises Ltd's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process. In a regulatory filing, JAL had informed that the NCLT, Allahabad bench, has "orally pronounced an order on March 17, 2026" approving the resolution plan submitted by Adani Enterprises Ltd. Now, mining giant Vadanta has filed an appeal against the said NCLT order before the appellate insolvency tribunal NCLAT. The matter is listed for hearing on Monday .

Resolution plan: Why Jaiprakash Power is soaring while JAL shares slip?

The NCLT, Allahabad Bench, orally approved the resolution plan submitted by Adani Enterprises for JAL under the Insolvency and Bankruptcy Code, according to exchange filings

Adani Enterprises gets NCLT nod for Jaiprakash Associates resolution plan

Adani Enterprises was identified as the successful resolution applicant last year

Stocks to Watch today: Fujiyama Power, Adani Ent, Jaiprakash, Info Edge

Stocks to Watch today, Thursday, Nov 20: NBCC, Capri Global, RPSG Ventures, Mahindra Holidays, NTPC Green, and Max Healthcare are some of the other top stocks to watch today

Adani group wins lenders' vote to take over Jaiprakash Associates

Adani group has won majority lenders' vote for take over of debt-laden Jaiprakash Associates as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said. A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani got the maximum 89 per cent votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group, they added. The National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committee of Creditors' (CoC) voting share. A small group of lenders, including State Bank of India and ICICI Bank - who together account for less than 3 per cent of CoC's votes - abstained from voting. Sources said lenders preferred Adani's plan primarily because it offered a significantly higher upfront payment compared to competing proposals. The ports-to-energy conglomerate

Adani Enterprises secures approval for $1.53 bn Jaiprakash takeover plan

Creditors, mostly Indian banks, opted for Adani's bid over Vedanta's higher ₹17,000 crore offer because it included larger upfront payments preferred by stakeholders

Adani may pip Vedanta to emerge highest bidder for Jaiprakash Associates

Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta's bid to make payments in five years, sources said. In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of Rs 12,505 crore as net present value (NPV), in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels, and road. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process. Later, the lenders held negotiations with these five players to enhance the bid value and maximise realisation. On October 14, these five bidders submitted fresh signed resolution plans in sealed envelopes. According to sources, the committee of creditors (CoC) of JAL met last week to deliberate on these comprehens

Vedanta's JAL deal puts govt stake in HZL, Balco at risk: US short-seller

Viceroy Research warns DIPAM that Vedanta's planned Jaiprakash Associates acquisition could strain Hindustan Zinc and BALCO, partly owned by the government

$2 bn-bid for Jaiprakash Associates 'credit negative' for Vedanta

Vedanta's acquisition of debt-laden Jaiprakash Associates raises concerns about leverage, free cash flow pressures and exposure to volatile sectors

Vedanta shares drop 3% as analysts raise 'concern' on ₹17,000-cr JAL offer

Vedanta shares fell 3 per cent after Nuvama raised "concerns" on the company emerging as the top bidder for bankrupt JAL

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

JAL bid: Vedanta offers ₹4,000 cr upfront payment, rest over 5-6 years

With this, the Anil Agarwal-owned mining conglomerate's bid carries a net present value of ₹12,505 crore in the auction conducted by lenders to find buyers for JAL

JAL bidders to join challenge auction with ₹12,000 crore floor value

Lenders of Jaiprakash Associates have set Rs 12,000 crore as the minimum bid for a challenge auction on Friday, with five firms including Adani and Dalmia in contention

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Lenders likely to resolve JAL insolvency through a challenge mode

Lenders of Jaiprakash Associates are considering a challenge mode bidding process with applicants including Adani, Vedanta, and Dalmia as creditors face Rs 59,000 crore in claims

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round