Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution

Adani Ports and Special Economic Zone to Acquire JFIL for ₹1,500 Crore, Eyes Major Logistics Hub in Kanpur - India Seatrade News

Adani Ports and Special Economic Zone (APSEZ) on Thursday announced the acquisition of a 100 per cent stake in Jaypee Fertilisers & Industries Ltd (JFIL) from Jaiprakash Associates Limited (JAL) for ₹1,500 crore under the NCLT-approved resolution plan for JAL. The all-cash deal will provide APSEZ indirect control over Kanpur Fertilisers and Chemicals Ltd, a step-down subsidiary of JFIL that owns nearly 243 acres of industrial and commercial land…

Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution

Ahmedabad, May 21 (SocialNews.XYZ) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL). In a regulatory filing, the Adani Group company said it has entered into a share purchase agreement with JAL to acquire 100 per cent shareholding in JFIL, …