The Adani Group is planning to buy a bankrupt company named Jaypee Associates Limited (JAL). According to a report by Business Standard, Adani Group has offered the highest bid of ₹12,500 crore to buy the company.
🔹 Adani Ready for Advance Payment
Sources say that the Adani Group is also ready to pay more than ₹8,000 crore in advance, which makes them the strongest contender to buy JAL. Other companies like Dalmia Group, JSPL (Naveen Jindal), Vedanta, and PNC Infratech were also in the race, but Adani has made the highest offer.
🏗️ What Does JAL Own?
JAL is a large infrastructure company. It works in different sectors like:
- Real Estate
- Cement
- Power
- Hotels
It has:
- 10 million tonnes cement production capacity
- 5 hotels
- A fertilizer factory
- 2500 acres of land on Noida Expressway
- Buddh International Circuit, where Formula One races used to happen
💰 Heavy Debt on JAL
JAL is going through financial trouble and is under bankruptcy process (IBC). The company had taken ₹48,000 crore loans from 25 banks like PNB and IDBI Bank.
In March, these banks sold the loans to NARCL (National Asset Reconstruction Company) for ₹12,700 crore.
❓ Why Does Adani Want to Buy JAL?
Many big companies want to buy JAL, but Adani is especially interested because:
- Adani wants to grow in cement and real estate sectors.
- Buying JAL will help Adani expand in North and Central India.
- JAL’s cement plants and land are important for Adani’s future plans.
Right now, JAL’s share price is just ₹3, and trading is restricted. But if Adani buys the company, the share value may go up.
✅ Conclusion
Adani Group is close to buying JAL with a big offer of ₹12,500 crore. If the deal goes through, Adani will get a strong hold in many new sectors and regions, while JAL may get a second chance to grow again.
