CCI approves PNC Infratech's proposed acquisition of Jaiprakash Associates
The Competition Commission of India approved on 16 September 2025 the proposed acquisition of Jaiprakash Associates Limited, which is under corporate insolvency resolution, by PNC Infratech Limited.
Summary
The Competition Commission of India (CCI) approved on 16 September 2025 the proposed acquisition of Jaiprakash Associates Limited (JAL) by PNC Infratech Limited. The combination covers acquisition of a minimum 95% and up to 100% of JAL, directly or through a wholly owned special purpose vehicle. JAL is undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. PNC Infratech is a listed EPC company working mainly in roads and highways, while JAL is a diversified group in hydropower, cement and real estate, among other sectors.
Key facts
- Regulator
- CCI, 16 September 2025
- Acquirer
- PNC Infratech Limited
- Target
- Jaiprakash Associates Limited (95–100%)
- Target status
- Under CIRP, Insolvency and Bankruptcy Code, 2016
Practice MCQs 1 questions
Which company received CCI approval on 16 September 2025 for the proposed acquisition of Jaiprakash Associates Limited, a company under insolvency resolution?
Show answer
Correct answer: C — PNC Infratech Limited
The CCI approved the proposed acquisition of 95–100% of Jaiprakash Associates Limited by PNC Infratech Limited; JAL is under CIRP under the IBC, 2016.