The Adani Group has emerged as the successful bidder to acquire Jaiprakash Associates Ltd (JAL), part of the Jaypee Group, through the insolvency process for approximately ₹12,600 crore. The committee of creditors approved Adani’s resolution plan, citing its unconditional structure and faster two-year payment schedule as key advantages in addressing JAL’s massive debt burden, estimated at over ₹57,000 crore.

The acquisition covers a wide portfolio of high-value assets across real estate, hospitality, and infrastructure. Among the marquee properties are Jaypee Greens in Greater Noida, Wishtown in Noida, and the Jaypee International Sports City near the upcoming Jewar Airport. The deal also includes hotels in Delhi-NCR, Mussoorie, and Agra, along with cement plants in Madhya Pradesh and Uttar Pradesh and commercial office spaces.

Adani Enterprises led the bid, outmaneuvering competitors such as Dalmia Bharat, Vedanta, and Jindal Power. Rival offers were reportedly conditional on resolving land-related disputes with the Yamuna Expressway Industrial Development Authority (YEIDA), whereas Adani’s proposal was unconditional, strengthening its appeal to creditors.

The acquisition significantly expands Adani’s footprint in North India’s real estate and infrastructure landscape, while potentially enhancing its cement capacity under Ambuja Cements.