BIG win for Indian billionaire Gautam Adani as Adani company's Rs 13552 crore proposal gets nod for...
DNA India·2025-11-19 18:46
The creditors, mostly Indian banks, opted for Adani's bid over Vedanta's higher Rs 170 billion offer.Indian billionaire Gautam Adani has acquired several companies to expand his business empire. Now, his flagship firm, Adani Enterprises' proposal to take over a bankrupt infrastructure group, has received approval. Creditors of India's Jaiprakash Associates unanimously backed Adani company's Rs 13552 crore (USD 1.53 billion) takeover proposal for the infrastructure group, preferring it over Vedanta's bid, tw ...