New Delhi, July 8 -- JP Associates share price hit the 5% upper circuit on Tuesday, July 8, extending its gains to a second straight session after a media report suggested that the Adani Group had emerged as the only bidder without conditions in the race to acquire the company.

While Business Standard last week reported that Adani group emerged as the front-runner to acquire JP Associates, an Economic Times report earlier today stated that the Gautam Adani-led conglomerate is the only bidder without conditions in the race to acquire JP Associates, submitting a Rs.12,600 crore offer under the ongoing insolvency process.

The other four bidders, namely Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech, have tied their bids to the reso...