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Adani Group is going to buy another famous company, placed a bid of ₹12500 crore, this business group has gone bankrupt

Adani Group is going to buy another company. In fact, Adani Group has placed a bid of Rs 12500 crore to acquire bankrupt Jaiprakash Associates. According to a Business Standard report, people familiar with the matter said that Adani Group has emerged as the frontrunner to acquire Jaiprakash Associates Limited (JAL), which is currently undergoing bankruptcy proceedings.

Sources said that Adani Group has proposed an advance amount of more than Rs 8,000 crore without any preconditions. The special thing is that Dalmia Group is also involved in the race to buy this company, and is ready to meet Adani’s offer, provided an important legal hurdle related to JAL’s Sports City project is resolved. In fact, this matter is currently pending in the Supreme Court. In March, the Allahabad High Court upheld a decision.

Who is Jaiprakash Associates
Jaiprakash Associates, a diversified infrastructure company operating in the real estate, cement, power and hotel sectors, is undergoing bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC). Industry giants such as Vedanta, Jindal Power and PNC Infratech are also in the race to buy this company. These buyers met on July 1, 2025 for bidding and evaluation.

Udh, According to a statement issued by JAL, the company is carefully reviewing these bids to identify a resolution plan. Although no final decision has been announced, sources indicate that Adani Group is the frontrunner in the race to acquire this company with a bid of ₹12,500 crore.