Acquisition History / Adani Enterprises / Jaiprakash Associates
Adani Enterprises Acquires Jaiprakash Associates
Announced March 19, 2026 — $1.64B
What happened
Adani Enterprises won the insolvency resolution of Jaiprakash Associates with a Rs 14,535 crore plan, paying a first tranche of Rs 6,000 crore to secured financial creditors and a further Rs 6,026 crore due two years after approval. Jaiprakash Associates held cement plants, EPC contracts, hospitality and real estate assets; existing shareholders received nil value and the company was delisted.
- Acquirer
- Adani Enterprises
- Target
- Jaiprakash Associates
- Announced
- March 19, 2026
- Price
- $1.64B
- Industry
- Cement, EPC and infrastructure
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Adani Enterprises acquire Jaiprakash Associates?
Adani Enterprises acquired Jaiprakash Associates on March 19, 2026. This was Adani Enterprises's 1st publicly tracked acquisition out of 1 we have on record.
How much did Adani Enterprises pay for Jaiprakash Associates?
Adani Enterprises paid $1.64B for Jaiprakash Associates.
What does Jaiprakash Associates do?
Adani Enterprises won the insolvency resolution of Jaiprakash Associates with a Rs 14,535 crore plan, paying a first tranche of Rs 6,000 crore to secured financial creditors and a further Rs 6,026 crore due two years after approval. Jaiprakash Associates held cement plants, EPC contracts, hospitality and real estate assets; existing shareholders received nil value and the company was delisted.
What other Cement, EPC and infrastructure companies has Adani Enterprises acquired?
Jaiprakash Associates is Adani Enterprises's only publicly tracked acquisition in Cement, EPC and infrastructure so far.