cement

The Adani Group has received lender approval to acquire Jaiprakash Associates after its resolution plan secured 89 percent of the vote from the Committee of Creditors. The offer was valued at Rs 14,535 crore and was preferred for its higher upfront cash component over competing proposals from Vedanta and Dalmia Cement. The Committee of Creditors assessed the final bids using an evaluation matrix, where Adani received the highest score. The structure of the offer played…