India, Oct. 14 -- The Government of India has issued a release:
The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited by Vedanta Limited.
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer) pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).
Vedanta is incorporated in India and is a public company listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Vedanta is a subsidiary of Vedanta Resources Limited. It is a natural resources, critical minerals, energy and technology company. It has primary operations in, inter alia, oil & gas, zinc,...