CCI approves Jindal Power’s acquisition of Jaiprakash Associates under insolvency proceedings
The Competition Commission of India (CCI) has approved Jindal Power Limited’s acquisition of debt-laden Jaiprakash Associates Limited, the Press Information Bureau (PIB) reported on Tuesday, September 30. The transaction, cleared under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016, is seen as a key step in resolving one of India’s…