Adani Enterprises Secures Tribunal-Backed Plan to Acquire Jaiprakash Associates

The latest announcement is out from Adani Enterprises Limited ( (IN:ADANIENT) ).

Adani Enterprises has announced that India’s National Company Law Tribunal, Allahabad Bench, has formally uploaded its order approving the company’s resolution plan to acquire Jaiprakash Associates Limited, which has been undergoing insolvency proceedings since June 2024. The plan, originally dated October 14, 2025 and backed by 93.81% of JAL’s Committee of Creditors, enables Adani to implement the acquisition directly or via various Adani group entities or special purpose vehicles, potentially strengthening its position in infrastructure-linked sectors and expanding its footprint through the distressed asset route.

The company noted that the approved resolution plan may be executed by Adani Enterprises, its promoters, identified Adani group entities such as Adani Power and Adani Ports, or designated special purpose vehicles in line with the tribunal-cleared terms. This development marks a key milestone in the insolvency resolution of Jaiprakash Associates and signals Adani’s continued use of India’s bankruptcy framework to pursue growth, with the company committing to provide further disclosures on material developments as implementation progresses.

More about Adani Enterprises Limited

Adani Enterprises Limited is the flagship company of the Adani Group, a diversified Indian conglomerate with interests spanning infrastructure, energy, logistics and related services. Listed on Indian stock exchanges under the ticker ADANIENT, the company often acts as the group’s incubator for new businesses and platform for strategic acquisitions across core infrastructure sectors.

Average Trading Volume: 107,756

Technical Sentiment Signal: Hold

Current Market Cap: 2595.1B INR

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