CCI clears Jindal Power’s acquisition of Jaiprakash Associates under insolvency resolution

THEBUSINESSBYTES BUREAU

NEW DELHI, SEPTEMBER 30, 2025

The Competition Commission of India (CCI) has granted approval for the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited (JPL), marking a significant development under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016 (IBC).

The transaction paves the way for JPL, incorporated under the Companies Act, 1956, to take over JAL, which has been undergoing insolvency proceedings. Jindal Power, a part of the diversified Jindal Group, is primarily engaged in the power sector, while its group entities have a global footprint across steel, energy, and mining industries.

Jaiprakash Associates, a well-known conglomerate with a presence in real estate, cement, hospitality, and engineering, procurement & construction (EPC), has faced financial headwinds in recent years, leading to its current insolvency proceedings.

The CCI’s nod to this acquisition is expected to bolster Jindal Power’s strategic presence while ensuring the continuity of JAL’s assets and businesses through the resolution process, adding a new dimension to India’s evolving corporate restructuring landscape.