On 30 SEP 2025, the Competition Commission of India (CCI) approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited. Jindal Power Limited (the Acquirer) will acquire JAL pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The Acquirer, incorporated under the Companies Act, 1956, is primarily engaged in the power sector and has a global presence in the steel, energy, and mining sectors. JAL is engaged in real estate, cement, hospitality, engineering, procurement, & construction (EPC) and is currently undergoing a CIRP under the IBC. The release ID is 2173327.
Key Entities Referenced
Competition Commission of India: The regulator that approved the acquisition
Insolvency and Bankruptcy Code, 2016 (IBC): Law under which the corporate insolvency resolution process is conducted.
Jaiprakash Associates Limited: Target company being acquired
Jindal Power Limited: Acquiring company
corporate insolvency resolution process (CIRP): The process under which the acquisition is taking place
Competition Commission of India
CCI approves acquisition of Jaiprakash Associates
Limited by Jindal Power Limited
Posted On: 30 SEP 2025 8:08PM by PIB Delhi
The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited by
Jindal Power Limited. The Proposed Combination envisages acquisition of Jaiprakash Associates Limited
(JAL) by Jindal Power Limited (Acquirer) pursuant to a corporate insolvency resolution process (CIRP)
under the Insolvency and Bankruptcy Code, 2016 (IBC).
The Acquirer has been incorporated under the Companies Act, 1956, and is primarily engaged in the power
sector. The entities belonging to the Acquirer Group have a global presence in the steel, energy, and
mining sectors.
JAL is engaged in diverse business activities viz., real estate, cement, hospitality, engineering,
procurement, & construction (EPC) and is currently undergoing a CIRP under the IBC.
Detailed order of the Commission will follow.
*****
NB/AD
(Release ID: 2173327)