Jaiprakash Associates Ltd

Adani Ports to acquire Jaypee Fertilisers for ₹1,500 cr through insolvency

Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL. Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition will further consolidate the company's inland logistics presence and service capabilities in North India. The acquisition aligns with the company's ambition to expand its MMLP (Multi-Modal Logistics Park) network from 12 to 16 and warehousing capacity by 4X by 2031, it added. "As part of the implementation of the approved resolution plan, the company has entered into a share purchase agreement with Jaiprakash Associates Limited for the acquisition of 100 per cent of the shareholding of Jaypee Fertilizers & Industries Limited (the holding company of KFCL), held by JAL (Jaiprakash Associates Limited)," the country's largest private port operator said. Jaypee ...

Adani Power to acquire 24% stake in JJPVL, key thermal assets for ₹4,194 cr

Adani Power on Thursday said it has entered into definitive agreements to acquire a 24 per cent stake in Jaiprakash Power Ventures and other thermal assets from Jaiprakash Associates for about Rs 4,193.59 crore. According to a regulatory filing, the company has also inked a Share Purchase Agreement for the acquisition of 24 per cent shares of Jaiprakash Power Ventures Ltd, held by Jaiprakash Associates. Further, Adani Power has inked a Business Transfer Agreement for the acquisition of the 180 MW thermal power plant of Jaiprakash Associates located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by Jaiprakash Associates. It stated that the consideration for 24 per cent of the shareholding of JPVL, held by JAL, stood at Rs 2,993.60 crore and for the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by JAL, is Rs

Vedanta revised JAL bid after learning evaluation standing: Lenders

Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process

SC says JAL resolution subject to NCLAT outcome; next hearing on April 10

Top court directs Vedanta and other parties to present contentions before NCLAT; JAL monitoring committee also directed to not take major steps without tribunal approval

NCLAT declines Vedanta's plea to stay Adani Group's bid to acquire JAL

The NCLAT agreed to hear the matter and sought responses from the Committee of Creditors (CoC) within a week

Adani Enterprises gets NCLT nod for Jaiprakash Associates resolution plan

Adani Enterprises was identified as the successful resolution applicant last year

JP Power up 12% as Adani Ent's rescue plan for JAL gets creditors' approval

Reports indicate that Adani received the highest backing, securing about 89 per cent of creditor votes, followed by Dalmia Cement (Bharat) and the Vedanta Group

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

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

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

JAL insolvency: Jaiprakash Infratech to challenge bid rejection in court

Jaiprakash Infratech plans legal challenge after lenders reject its bid for Jaiprakash Associates citing EMD issues, threatening delay in the ₹57,000 crore resolution process

Jaiprakash Associates' lenders to meet on July 1 to review resolution plans

Lenders of Jaiprakash Associates Ltd (JAL), which is under insolvency, will meet on July 1 to discuss resolution plans submitted by five corporates among other issues. In a regulatory filing on Monday, JAL informed that "the 16th meeting of the Committee of Creditors (CoC) of the company will be held on 1st July, 2025." The company did not mention the agenda of the CoC. Sources said the resolution plans submitted by five bidders will be discussed among few other proposals. Last week, JAL received five bids along with earnest money for the acquisition of the company through insolvency process. It did not mention the names of the companies which have submitted the resolution plans. According to sources, Billionaire Gautam Adani Group firm Adani Enterprises, mining mogul Anil Agarwal's Vedanta, Dalmia Bharat Cement, Jindal Power and PNC Infratech are the five companies which have submitted resolution plans. In April, as many as 25 companies showed interest to acquire JAL. JAL, whic

Jaiprakash Associates bids: Jindal Power, Adani Ent, Dalmia in fray

The provisional list of prospective resolution applicants included 26 entities who had submitted their expression of interest in the corporate insolvency resolution process of JAL

JAL's valuation may be hit after HC okays sports city land cancellation

Bankrupt real estate company has got bids from 24 parties for the sale of its assets

Jaiprakash Associates Q1 results: Net loss widens to Rs 1,023.44 cr

Debt-ridden Jaiprakash Associates' consolidated net loss has widened to Rs 1,023.44 crore in the first quarter of this fiscal. Its net loss stood at Rs 180.80 crore in the year-ago period. The total income rose to Rs 1,770.66 crore in April-June this fiscal from Rs 1,505.23 crore in the corresponding period of the previous year, according to a regulatory filing. Jaiprakash Associates is into cement, construction, power and real estate businesses. The company is currently facing insolvency proceedings.

Crisis-hit Jaiprakash Associates defaults on Rs 4,616 crore loans

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,616 crore, including principal and interest amount. In a regulatory filing late on Monday, Jaiprakash Associates Ltd (JAL) has informed that the company on April 30, defaulted on repayments of a principal amount of Rs 1,751 crore and interest of Rs 2,865 crore. "Total borrowing (including interest) of the company is Rs 29,805 crore, repayable by 2037, against which only Rs 4,616 crore is overdue as on April 30, 2024," JAL said. The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCBs (foreign currency convertible bonds). Out of the total borrowing of Rs 29,805 crore, the company said Rs 18,955 crore will be transferred to the proposed Special Purpose Vehicle (SPV). For this, a Scheme of Arrangement duly approved by all the stakeholders, is pending for sanction of the National Company Law ...

Jaiprakash Associates to give 7.71% stake to ICICI Bank to settle part loan

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates Ltd (JAL) will give 7.71 per cent stake, worth Rs 366 crore at current market price, in the company to ICICI Bank to clear part of the outstanding loan. According to sources, ICICI bank has an exposure of around Rs 3,000 crore in JAL, which is into many businesses including cement, construction, hotels and real estate. In a regulatory filing, JAL on Tuesday informed that the company has entered into a settlement agreement with ICICI Bank and will transfer over 18.93 crore shares to the bank. "...with a view to give thrust to the ongoing efforts of the company to reduce its debt, the company, along with Trusts holding 18,93,16,992 equity shares of the company have entered into a Settlement Agreement with ICICI Bank (lender) to transfer the said shares to lender," JAL said. The share price of JAL stood at Rs 19.35 apiece on the BSE on Monday. At Monday's price, the value of 18.93 crore shares is Rs 366 crore. The ...

JP Associates inks pact with ICICI Bank, to transfer 189 million shares

Currently, JP Associates owes nearly Rs 29,000 crore to key lenders such as State Bank of India (SBI), ICICI Bank, and IDBI

Jaiprakash Associates share prices jump 12% on Adani deal reports

The Adani group, currently operating at a capacity of 70 million tonnes per annum, aims to double this figure to 140 million tonnes within the next five years