CCI Approves Jindal Power's Acquisition of Jaiprakash Associates

The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited as part of a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Jindal Power, primarily engaged in the power sector, aims to expand its operations, while JAL is involved in various sectors including real estate and cement and is currently undergoing insolvency proceedings.

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