AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Adani, Patanjali also in the race for acquisition of Jayaprakash Associates

by Aaryan Srivastav
April 7, 2025
Adani, Patanjali also in the race for acquisition of Jayaprakash Associates

New Delhi, 6 April (IANS). The race for the acquisition of the debt -ridden Jayaprakash Associates Limited (JAL) includes 26 companies, including a group of billionaire Gautam Adani and the FMCG sector veteran company Patanjali Ayurved.

The corporate insolvency solution process was launched by the National Company Law Tribunal (NCLT), Allahabad Bench on 3 June 2024 for the major company Jayaprakash Associates, which is trading in areas such as real estate, cement manufacturing, hospitality and engineering and construction.

Action was initiated by the company after a lapse in repayment of loans.

JAL has told the stock market that companies like Adani Enterprises, Torrent Group, Jindal Power, Dalmia Cement, Oberoi Realty, GRM Business and Kotak Alternate Asset Managers have presented their interest to take the company under their control.

The provisional (potential) list of eligible potential applicants participating in the solution process has been released under the rules of the Indian Insolvency and Bankruptcy Board.

The total claims by the creditors against Jayaprakash Associates are Rs 57,185 crore, which is shocking. The largest contender is the National Asset Reconstruction Company Limited (NARCL), which bought JAL’s stressed loans from a consortium of banks led by State Banks of India.

Apart from Patanjali Ayurved and Adani Enterprises, other interested bidders include JP Infratech, GMR Business and Consultancy, Jindal India Power, Asset Reconstruction Company (India) and many asset management firms and infrastructure companies.

JAL has major real estate assets like JP Greens in Greater Noida, Uttar Pradesh, parts of JP Greens Vishtown in Noida and JP International Sports City, located near Jewar International Airport under construction.

The company also has commercial and office assets in the Delhi NCR region. She operates five hotels in Delhi NCR, Mussoorie and Agra.

In the cement segment, JAL has four plants in Madhya Pradesh and Uttar Pradesh, as well as limestone mines on lease. However, these cement units are not currently operational.

The company also has an investment in subsidiaries like Jayaprakash Power Ventures Limited, Yamuna Expressway Toling Limited and JP Infrastructure Development Limited.

Till March 11, the total outstanding loan to financial institutions was Rs 55,409.28 crore. It is noteworthy that JP Infratech, another JP group company, has already been acquired by a Mumbai -based security group through a separate insolvency process.

-IANS

EkD/DSC

SendShareShareTweetSharePinShareSend

Related Posts

सरकारी नौकरी का बड़ा मौका! बैंक क्लर्क और पंचायत एलडीसी भर्ती के लिए आवेदन 1 अगस्त से, यहां पढ़े हर जरूरी डिटेल 
Business

Big opportunity for government job! Application for bank clerk and panchayat LDC recruitment from August 1, read every necessary details read here

by Aaryan Srivastav
July 31, 2025
Stocks To Watch Today: ट्रंप के 25% टैरिफ के बाद इन स्टॉक्स में दिखेगी जोरदार उठा-पटक, पैसा कमाने के लिए इनपर रखे फोकस 
Business

Stocks to Watch Today: Focus will be seen in these stocks after 25% tariff of Trump, focus on them to earn money

by Aaryan Srivastav
July 31, 2025
जुलाई के आखिरी दिन शेयर बाजार की बड़ी गिरावट: सेंसेक्स 530 अंक टूटा, ऑटो और रियल्टी सेक्टर में जबरदस्त बिकवाली से निवेशकों को भारी नुकसान
Business

Stock market declines on the last day of July: Sensex breaks 530 points, heavy losses in auto and realty sector to investors

by Aaryan Srivastav
July 31, 2025

Latest News

लालू, राबड़ी या तेजस्वी... निशाने पर कौन? तेज प्रताप यादव की चुप्पी में छुपा है बड़ा धमाका
Politics

Lalu, Rabri or Tejashwi… Who is on the target? Tej Pratap Yadav’s big explosion is hidden in the silence

by Sandhya Hirani
July 31, 2025
ISRO-Nasa's Nisar Satellite Launch from Sriharikota, revolution will bring revolution under Earth's supervision
India

ISRO-Nasa’s Nisar Satellite Launch from Sriharikota, revolution will bring revolution under Earth’s supervision

by Amit Tripathi
July 31, 2025
भगवान विष्णु के आशीर्वाद से आज मेष, वृषभ समेत चमकेगा इन 5 राशियों का भाग्य, जानिए आपके लिए कैसा रहेगा आज का दिन ?
Astrology

With the blessings of Lord Vishnu, today Aries will shine with Taurus, the fate of these 5 zodiac signs, know how will today be for you?

by Sandhya Hirani
July 31, 2025
सावधान! गरुड़ पुराण के अनुसार आपकी ये 5 गलतियां जीवन में ला सकती है बुरा वक़्त, वीडियो में जाने और आज से बना ले दूरी 
Lifestyle

Attention According to Garuda Purana, these 5 mistakes can bring bad times to life, go in video and make distance from today

by Kavita Nagar
July 31, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.