Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Shares of Jaiprakash Power Ventures surged on Wednesday amid reports that Adani Enterprises Ltd. has been chosen to acquire Jaiprakash Associates Ltd. under the insolvency process. Jaiprakash Power Ventures is part of the Jaypee Group led by Manoj Gaur. (HT) JP Power’s share price rose as much as 17.29% to ₹20.69 on the BSE even […]
Creditors of Jaiprakash Associates Ltd., commonly known as Jaypee Group, have unanimously backed Adani Enterprises Ltd.’s ₹13,500-crore takeover proposal under the insolvency process, preferring it over a higher bid by Vedanta Ltd. Adani Group Chairman Gautam Adani. Vedanta’s bid for Jaypee Group (Jaiprakash Associates) entailed a five-year payment timeline, significantly longer than the 1.5-2 years […]
