Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Dalmia Bharat buys Jaiprakash cement assets from Adani for Rs 2,850 crore
Dalmia Bharat is acquiring Jaiprakash Associates' cement business from Adani Group for ₹2,850 crore. This deal adds 5.2 million tonnes of cement capacity. The company is also expanding existing facilities. By FY28, Dalmia Bharat's total production capacity will reach 66.7 million tonnes. The transaction is expected to complete soon. This acquisition strengthens Dalmia Bharat's position as a pan-India player.
Dalmia Bharat to buy JAL cement assets from Adani Group for ₹2,850 crore
The acquisition of cement assets of bankrupt Jaiprakash Associates will help Dalmia Bharat deepen its presence in central India and increase cement capacity by nearly 10%, or 5.2 mtpa.
Dalmia Cement (Bharat) to acquire 5.2 MnTPA cement undertaking from Jaiprakash Associates
Additionally to acquire 3.3 MnTPA clinker capacity and 99 MW thermal power capacity
Dalmia Bharat seals Rs 2,850 crore deal for JAL cement assets after Adani insolvency takeover
Dalmia Cement has acquired key cement assets from Jaiprakash Associates for ₹2,850 crore. This deal, facilitated by the Adani Group's insolvency resolution, strengthens Dalmia's presence in central India. The acquisition includes cement plants and power capacity, boosting Dalmia's total capacity significantly. This move accelerates expansion plans and provides faster market access.
Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
Dalmia Bharat is set to acquire Jaiprakash Associates' cement assets for over Rs 2,500 crore. This follows Adani Group's acquisition of Jaiprakash Associates under insolvency. The deal settles past disputes. Adani Ports is also acquiring a fertilizer holding company. Adani Power has acquired Jaiprakash Associates' power assets. These moves signal significant consolidation in India's infrastructure sector.
Adani Power to acquire 24% stake in JP Power, thermal assets in ₹4,193-crore deal. Check details
Adani Power has finalised agreements to acquire a 24% stake in Jaiprakash Power Ventures and the 180 MW Churk thermal power plant for ₹4,193.6 crore. This deal aims to enhance Adani's generation capacity and is part of a larger resolution plan for financially troubled Jaiprakash Associates.
Adani Power to acquire certain power assets and investments of Jaiprakash Associates
(a) Share Purchase Agreement for acquisition of 24% shares of Jaiprakash Power Ventures (a listed entity), held by JAL; and
Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore total
Adani Power is set to acquire a significant stake in Jaiprakash Power Ventures and a thermal power plant. This move is part of a resolution plan for Jaiprakash Associates. The acquisitions will boost Adani Power's generation capacity and expand its presence in the thermal power sector. The deal is expected to be completed within 90 days of NCLT approval.
Adani Ports to acquire indirect control of Kanpur Fertilizers for Rs 1,500 crore under Jaiprakash Associates resolution plan
Adani Ports will acquire Jaypee Fertilizers & Industries for Rs 1,500 crore. This deal gives Adani Ports control of land in Kanpur. This land is suitable for a large logistics park. The acquisition will boost Adani Ports' inland logistics network in North India. It supports their plan to expand multimodal logistics parks and warehousing capacity.
NCLAT dismisses Vedanta's plea against Adani's Jaiprakash bid
A company law appeals court has rejected Vedanta Ltd's challenge to Gautam Adani's group winning bid for bankrupt firm Jaiprakash Associates Ltd (JAL). The National Company Law Appellate Tribunal found no merit in Vedanta's petitions, upholding the Committee of Creditors' decision to favor Adani's ₹14,535-crore bid. JAL entered insolvency proceedings after failing to pay over ₹57,000 crore in bank dues.
NCLAT rejects Vedanta's challenge to approval of Adani's resolution plan for Jaiprakash Associates
Vedanta's challenge to Adani Enterprises' resolution plan for Jaiprakash Associates Ltd was dismissed by the National Company Law Appellate Tribunal. The tribunal found no legal flaws in the creditors' choice, marking a significant setback for Vedanta despite its claims of offering a superior bid.
Vedanta vs Adani over Jaypee: NCLAT reserves judgment on Vedanta plea
NCLAT reserves verdict on Vedanta plea against Adani bid for Jaiprakash Associates, Vedanta says its higher offer was ignored, lenders cite commercial wisdom under IBC.