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CCI Clears Jindal Power’s Acquisition of Jaiprakash Associates

Jindal-Steel-Power
The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016.

Jindal Power, incorporated under the Companies Act, 1956, is primarily engaged in the power sector, with group entities having a global presence in steel, energy, and mining. JAL, currently undergoing CIRP, operates across multiple sectors, including real estate, cement, hospitality, and EPC.
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