India News: The National Company Law Tribunal has ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL). This action comes six
Jaiprakash Associates rose 14.66 per cent to hit a high of Rs 13.45 on BSE. An ET report had in 2022 suggested that the Adani group was in advanced talks to buy Jaiprakash Group's cement business for around Rs 5,000 crore.
Billionaire Gautam Adanis conglomerate is in advanced talks with the infrastructure-focused Jaiprakash Group to buy their cement business for about 50 billion rupees ($606 million), people familiar with the matter said.