New Delhi, Aug. 26 -- The Competition Commission of India (CCI) has on AUgust 26 approved the acquisition of Jaiprakash Associates (JAL) by Adani Group Entities, the organisation announced in an official statement.

The announcement was also posted on their official social media account on X (formerly known as Twitter).

According to the press release, the deal proposes acquisition of up to 100 per cent shareholding of JAL by Adani Enterprises (AEL), Adani Infrastructure and Developers (AIDPL), or any other entity forming part of Adani Group. A detailed order on the same will follow, it added.

It noted that JAL is currently undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC), 2016 pursuant to...