CCI approves Vedanta’s acquisition of Jaiprakash Associates
The Competition Commission of India (CCI) has cleared the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. Vedanta, a subsidiary of Vedanta Resources Limited, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power. JAL, the flagship company of the Jaypee Group, is involved in real estate, cement, hospitality, engineering,…