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Jindal Power receives CCI approval to acquire Jaiprakash Associates
MINT· 2025-09-30 17:32
New Delhi, Sep 30 (PTI) Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power's proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding.Apart from Jindal Power, the proposals of PNC Infratech, Adani Group and Dalmia Bharat for JAL acquisition have been cleared by the regulator."Commission approves acquisition of Jaiprakash Associates Limited by Jindal Power Ltd," the regulator said in a post on X. ...