On 14 OCT 2025 at 7:13 PM, The Competition Commission of India (CCI) approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited. The acquisition of JAL by Vedanta Limited is pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). Vedanta is a public company listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). JAL is an infrastructure and industrial company engaged in diverse business activities including real estate, cement, hospitality, engineering, procurement, and construction contracting. Certain group companies of JAL are also engaged in power, fertilizer, sports and aviation segments. JAL is currently undergoing a CIRP under the IBC. Release ID is 2179069. A detailed order of the Commission will follow.
Key Entities Referenced
Competition Commission of India: Regulator that approved the acquisition.
Jaiprakash Associates Limited (JAL): The target company in the acquisition.
Vedanta Limited: The acquiring company.
Insolvency and Bankruptcy Code, 2016 (IBC): The law under which the acquisition is taking place through a corporate insolvency resolution process.
Corporate Insolvency Resolution Process (CIRP): The process under which the acquisition is occurring.
Competition Commission of India
CCI approves acquisition of Jaiprakash Associates
Limited by Vedanta Limited
Posted On: 14 OCT 2025 7:13PM by PIB Delhi
The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited by
Vedanta Limited.
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta
Limited (Acquirer) pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and
Bankruptcy Code, 2016 (IBC).
Vedanta is incorporated in India and is a public company listed on the BSE Limited (BSE) and the National
Stock Exchange of India Limited (NSE). Vedanta is a subsidiary of Vedanta Resources Limited. It is a natural
resources, critical minerals, energy and technology company. It has primary operations in, inter alia, oil &
gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium and power.
JAL is an infrastructure and industrial company engaged in diverse business activities including real estate,
cement, hospitality, engineering, procurement, and construction contracting. In addition, certain group
companies of JAL are also engaged in power, fertilizer, sports and aviation segments.JAL is currently
undergoing a CIRP under the IBC.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2179069)