19 Nov 2025 | 3 Mins Read
Adani wins creditor approval for Jaiprakash acquisition
Flipitmoney
Adani Enterprises' 1.53 billion dollar bid to acquire Jaiprakash Associates was unanimously backed by creditors, opting for larger upfront payments over Vedanta's higher 170 billion rupee bid, despite a 5-year payment timeline. Creditors, mostly Indian banks, prefer Adani's 1.5-2 year payment plan, which was proposed over Vedanta's 5-year timeline.