New Delhi, Oct. 14 -- The Competition Commission of India has approved Vedanta Limited's acquisition of Jaiprakash Associates Limited following a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

"The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer) pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC)," the Commission said in a release on Tuesday, October 14.

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