JAL insolvency: CCI clears Dalmia Bharat’s bid to acquire Jaiprakash Associates; other bidders include Adani, Vedanta, Jindal Power
The Competition Commission of India (CCI) has authorized Dalmia Bharat’s proposal to absolutely acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle within the latter’s ongoing insolvency course of.The inexperienced gentle from the antitrust regulator permits Dalmia Cement (Bharat) Ltd, an entirely owned subsidiary of Dalmia Bharat Ltd, to submit its decision plan […]
