Adani Enterprises Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Update on the Resolution Plan for Jaiprakash Associates Limited ( JAL ).
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Adani Enterprises Limited (AEL) has informed the exchanges that the resolution plan for Jaiprakash Associates Limited (JAL) has been successfully implemented on May 21, 2026. The Hon'ble NCLT, Allahabad Bench had approved AEL's resolution plan on March 17, 2026. JAL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The plan was implemented by identified Implementing Agencies. This marks the completion of AEL's acquisition of JAL through the insolvency resolution route.
The implementation of the resolution plan completes Adani Enterprises' acquisition of Jaiprakash Associates, adding the acquired assets/operations to AEL's portfolio. This is a positive development for AEL as it successfully concluded a high-profile insolvency acquisition.