India, Aug. 27 -- The Government of India issued the following news release:
The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited by Adani Group Entities.
The Proposed Combination relates to the acquisition of up to 100% shareholding of Jaiprakash Associates Limited (JAL) by Adani Enterprises Limited (AEL) and Adani Infrastructure and Developers Private Limited (AIDPL) or any other entity forming part of Adani Group. JAL is currently undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 pursuant to the directions of the National Company Law Tribunal, Allahabad Bench.
The Adani Group has business operations spread across sectors like energy, resource,...