Cci Okays Dalmia Bharat's Proposal to Acquire Jaiprakash Associates

CCI okays Dalmia Bharat's proposal to acquire Jaiprakash Associates

The Competition Commission of India (CCI) has approved Dalmia Bharat's proposal to acquire the debt-laden Jaiprakash Associates Ltd (JAL). For the uninitiated, Jaiprakash Associates is going through the insolvency resolution process. Under the provisions of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is a key requirement for submission of a resolution plan to participate in the bidding process. Besides Dal…

Dalmia Bharat cleared for Jaiprakash acquisition

The Competition Commission of India (CCI) has cleared Dalmia Bharat ’s proposal to acquire a 100 per cent stake in Jaiprakash Associates ( JAL ). The propo...

Dalmia Cement gets CCI nod to bid for Jaiprakash Associates - tennews.in: National News Portal

New Delhi, Aug 5 (IANS): The Competition Commission of India on Tuesday approved the proposal of Dalmia Cement (Bharat) Limited for the acquisition of Jaiprakash Associates Limited (JAL). The proposed combination envisages 100 per cent acquisition of JAL by Dalmia Cement (Bharat) Limited pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and […] The post Dalmia Cement gets CCI nod to bid for Jaiprakash Associates a…