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.