Whalesbook
Adani Enterprises has reportedly won the bid to acquire Jaiprakash Associates (JAL), with the Committee of Creditors (CoC) voting in its favor. Creditors preferred Adani's offer, which includes higher upfront cash and a faster three-year payout, over Vedanta's bid that proposed a longer five-year timeline. Jaiprakash Associates, which owes creditors 550 billion rupees, is undergoing insolvency proceedings, making this a significant corporate debt resolution.