Adani Group Secures 89% Creditor Support for Jaiprakash Associates Acquisition with Rs 14,535 Crore Proposal

Nov 19, 2025 09:36 pm CST

Adani Group has won majority lender approval to acquire debt-laden Jaiprakash Associates with an Rs 14,535 crore proposal featuring Rs 6,005 crore in upfront payments. The conglomerate secured 89% of creditor votes, outperforming competitors Vedanta and Dalmia Cement primarily due to its payment structure promising faster returns within two years, compared to rivals' extended five-year plans.