Adani group seeks Competition Commission's nod to acquire Jaiprakash Associates

The Adani group has applied for regulatory approval to acquire Jaiprakash Associates Limited. This move follows Adani's bid for the debt-ridden company, which is currently undergoing insolvency proceedings. Several other companies, including Dalmia Cement, have also expressed interest in acquiring JAL. JAL's assets include real estate projects, cement plants, and investments in various subsidiaries.