New Delhi, Aug. 27 -- The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited by Adani Group Entities.
The Competition Commission of India (CCI) is a statutory body that regulates competition in the Indian economy by preventing anti-competitive practices, promoting healthy competition, and safeguarding consumer interests.
In the official order, CCI stated, "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."The order also noted that JAL is currently undergoing a corporate insolven...