CCI Approves Acquisition of Jaiprakash Associates by PNC Infratech
The Competition Commission of India has approved PNC Infratech Limited's acquisition of Jaiprakash Associates Limited, allowing for a purchase of 95% to 100% of JAL. JAL is currently in a corporate insolvency resolution process. PNC Infratech is an infrastructure company focused on EPC projects, while JAL operates in various sectors including hydropower and real estate.
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