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Adani Group's Rs 14,000-Crore Offer For Jaiprakash Associates Tops The List

  • Adani Group has made a Rs 14,000-crore offer to acquire Jaiprakash Associates Ltd. in insolvency proceedings, topping the list of potential bidders.
  • The offer includes around Rs 11,000 crore to be paid upfront, with Dalmia Bharat's Rs 11,000 crore offer being the second highest.
  • Jaiprakash Associates' cement business is currently being targeted by both bidders, with the company owing creditors over Rs 57,000 crore.
  • Other bidders in consideration include PNC Infratech, Vedanta Group, and Jindal Steel & Power, with creditors set to negotiate final prices for the assets.

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