Ahmedabad, May 21 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).In a regulatory filing, the Adani Group company said it has entered into a share purchase agreement with JAL to acquire 100 per cent shareholding in JFIL, which is the holding company of Kanpur Fertilizers and Che…
Latest Jaiprakash Associates Ltd News & Updates
Ahmedabad, May 21 (IANS) Adani Power on Thursday said it has entered into definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24 per cent stake in Jaiprakash Power Ventures Ltd (JPVL) and the 180 MW Churk thermal power plant in Uttar Pradesh, under the NCLT-approved resolution plan for JAL.In a stock exchange filing, the Adani Group company said it has executed a Share Purchase Agreement to acquire JAL’s 24 per cent holding in Jaiprakash Power Ventures Ltd for about Rs 2,99…
New Delhi, April 9 (IANS) Former Jaypee Group chairman Jaiprakash Gaur on Friday expressed confidence in the Adani Group’s takeover of Jaiprakash Associates Ltd (JAL), following “the fair and transparent process conducted by the Committee of Creditors.”“The Committee of Creditors has selected the Adani Group as the successful Resolution Applicant, and we fully respect this decision,” Gaur said in a statement.“I have every confidence that under the leadership of Gautam Adani, the lega…
New Delhi, April 6 (IANS) In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises’ resolution plan for debt-ridden Jaiprakash Associates Ltd.A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no reason to intervene at this stage.”In view of the fact that company appeals are n…
New Delhi, Jan 7 (IANS) The Directorate of Enforcement’s (ED) Delhi Zonal Office has provisionally attached immovable assets worth approximately Rs 400 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money laundering probe against the Jaypee Group, an official statement said on Wednesday. The attached properties belong to M/s Jaiprakash Sewa Sanstha and M/s Page 3 Buildtech Private Limited. The action is part of an ongoing investigation int…