Adani Enterprises Limited (AEL) has announced that it will acquire Jaiprakash Associates Limited (JAL). The Committee of Creditors (“COC”) has approved the resolution plan submitted by AEL under the Corporate Insolvency Resolution Process (“CIRP”). AEL received a Letter of Intent (“LOI”) from the Resolution Professional (“RP”) on November 19, 2025. The resolution plan is subject to approvals from the National Company Law Tribunal.
Acquisition Announcement
Adani Enterprises Limited (“AEL”) is set to acquire Jaiprakash Associates Limited (“JAL”) following the approval of its resolution plan. The announcement confirms that the Committee of Creditors (“COC”) of Jaiprakash Associates Limited has formally approved AEL’s resolution plan submission.
Resolution Plan Details
The acquisition will occur under the Corporate Insolvency Resolution Process (“CIRP”) as per the Insolvency and Bankruptcy Code 2016 (“IBC”). AEL received the Letter of Intent (“LOI”) from the Resolution Professional (“RP”) on November 19, 2025, at 3:05 p.m. This acquisition is subject to the terms outlined in the LOI.
Business Synergies
JAL is involved in several sectors including Engineering, Construction, Cement, Power, Real Estate, Fertilizers, and Hospitality. The acquisition by AEL is expected to boost investments across its subsidiaries and affiliates.
Regulatory Approvals
The resolution plan is subject to approvals from the National Company Law Tribunal, Allahabad Bench, Prayagraj. Regulatory approvals are also required, and the implementation will follow applicable laws. AEL, along with its promoters and promoter groups, may implement the plan. It will also be implemented by entities identified as part of the Adani group or through special purpose vehicles and nominees.
Source: BSE