CCI approves Jindal Power's acquisition of Jaiprakash Associates
The Competition Commission of India on 30 September 2025 approved the acquisition of Jaiprakash Associates Limited by Jindal Power Limited under the insolvency resolution process.
Summary
The Competition Commission of India (CCI) on 30 September 2025 approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited. The deal is part of JAL's corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Jindal Power is mainly in the power sector, and its group has a global presence in steel, energy and mining. JAL operates in real estate, cement, hospitality and engineering, procurement and construction (EPC).
Key facts
- Regulator
- Competition Commission of India (CCI)
- Acquirer
- Jindal Power Limited
- Target
- Jaiprakash Associates Limited (JAL)
- Route
- CIRP under IBC, 2016
- JAL businesses
- Real estate, cement, hospitality, EPC
Practice MCQs 2 questions
Which company's acquisition of Jaiprakash Associates Limited was approved by the CCI on 30 September 2025?
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Correct answer: B — Jindal Power Limited
The CCI approved the acquisition of JAL by Jindal Power Limited.
Consider the following statements about the Jindal Power–Jaiprakash Associates combination approved in September 2025: 1. The acquisition is pursuant to a corporate insolvency resolution process under the IBC, 2016. 2. Jaiprakash Associates is primarily engaged in the power sector. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: it is the acquirer, Jindal Power, that is primarily in the power sector; JAL is in real estate, cement, hospitality and EPC.