JP Power Shares rallied over 5 per cent on Wednesday (Photo: Social)
Adani Group has offered the highest bid to halt the insolvency process of Jai Prakash Associates. The estimated amount is nearly ₹14,000 crore for the acquisition of the company. This bid currently leads a pool of five contenders. Dalmia Bharat has placed the second-highest offer, valued at around ₹11,000 crore.
There were at least six bids for JP Associates, including Adani Enterprises, Vedanta Group, Dalmia Bharat, and Jaypee Infratech (controlled by the Suraksha Group), likely among the contenders. Jindal Power by Naveen Jindal and PNC Infratech have also submitted their offers.
Resolution of JP Associate’s debt
Before coming to a conclusion, creditors have evaluated and submitted details with a focus on maximizing recovery. Discussions and negotiations were extensive before finalizing the resolution plan. Leading bidders have expressed their interest in acquiring the company’s full asset portfolio. Creditors, however, were also ready to break up and sell individual business segments if the consolidated offers did not meet expectations.
Jaiprakash Associates Debt Burden
Jaiprakash Associates Ltd. is a diversified infrastructure company that has been under a heavy debt burden for a long time. The company holds business interests in construction, real estate, hospitality, and cement in the Delhi and Uttar Pradesh region. It is the flagship company of the
Jaypee Group, with a market capitalization of around $88.24 million USD in July 2025.
There has been long financial strain, excessive leverage, and unresolved operational challenges for the company. The process of insolvency was triggered years after their first default.
There has been a continuous effort to get their system in place by more than a dozen banks and financial institutions involved. However, the focus now shifts to speed up the resolution process.
They owe more than ₹50,000 crore to a group of lenders. State Bank of India, National Asset Reconstruction Company, Punjab National Bank, ICICI Bank, and IDBI Bank are some of the major creditors.
Also Read: Adani Group Leads Community Welfare Drive In Puri With Food, Safety And Hygiene Initiatives
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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