The Competition Commission of India (“CCI”), vide Press Release No. 67/2025,[1] dated September 30, 2025, has approved the proposed acquisition of Jaiprakash Associates Limited (“JAL”) by Jindal Power Limited (“JPL”), pursuant to a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.
- Parties Involved
- Acquirer: JPL, incorporated under the Companies Act, 1956, is primarily engaged in the power sector. Entities operating within the JPL Group also operate in steel, energy, and mining across various jurisdictions.
- Target: JAL is a diversified conglomerate with business interests in real estate, cement, hospitality, and Engineering, Procurement, and Construction (EPC). JAL is currently undergoing insolvency proceedings under the IBC.
[1] https://www.cci.gov.in/media-gallery/press-release/details/575/0