Mumbai, July 23 -- The Adani group sought the approval of the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd on Tuesday, according to a notice filed with the CCI.
"The proposed combination relates to the acquisition of up to 100% of the shareholding of the target (Jaiprakash Associates Ltd) by the acquirers (Adani Enterprises Ltd and Adani Infrastructure and Developers Pvt Ltd) or any other entity forming part of the Adani Group," the notice filed with the CCI stated.
In the notice to CCI, Adani Enterprises Ltd, Adani Infrastructure & Developers as well as JAL said the "proposed combination does not raise competition concerns in any plausible relevant market and therefore, the relevant market delineations may b...