Gautam Adani set to buy one more company, to pay Rs 125000000000 crore for THIS bankrupt business group, company is...
Adani Group may soon buy another company and this time, the group has offered Rs. 12,500 crore to take over Jaiprakash Associates Limited (JAL), a company that is currently going through bankruptcy. According to a report by Business Standard , people familiar with the matter say that Adani Group is now the top bidder to buy JAL.
Sources also shared that Adani has made a strong offer by promising to pay more than Rs. 8,000 crore in advance and that too without putting any conditions.
Interestingly, Dalmia Group is also in the race to buy JAL. They are willing to match Adani's offer but only if a legal issue linked to JAL's Sports City project is resolved. That issue is still pending in the Supreme Court. Earlier, in March, the Allahabad High Court had already upheld a decision related to the same case.
For now, Adani Group seems to be ahead in the bid to take over the troubled company. About Jaiprakash Associates?
Jaiprakash Associates is a infrastructure company that works in different sectors like real estate, cement, power, and hotels. Right now, the company is facing a financial crisis and is going through bankruptcy under India's Insolvency and Bankruptcy Code (IBC).
Many big companies are interested in buying Jaiprakash Associates. Some of the well-known names in the race include Vedanta, Jindal Power, and PNC Infratech. All these companies took part in a meeting held on July 1, 2025, to discuss bids and valuations.
Jaiprakash Associates released a statement saying that it is carefully reviewing all the offers to choose the best possible solution. While no final decision has been made yet, sources say that the Adani Group's offer of Rs. 12,500 crore is currently the most promising and puts them ahead of the others in the bidding process.
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