The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under a corporate insolvency resolution process (CIRP) governed by the Insolvency and Bankruptcy Code, 2016 (IBC).

The proposed transaction involves Vedanta Limited, the acquirer, taking control of Jaiprakash Associates, which is currently undergoing insolvency proceedings. The CCI’s approval clears a key regulatory hurdle in the resolution process.

Vedanta Limited, incorporated in India and listed on both the BSE and National Stock Exchange (NSE), is a subsidiary of Vedanta Resources Limited. The company operates across multiple sectors including natural resources, critical minerals, energy, and technology. Its key operations span oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power.

Jaiprakash Associates Limited, a diversified infrastructure and industrial conglomerate, is involved in real estate, cement, hospitality, and engineering, procurement and construction (EPC) contracting. Some of its group companies also operate in power, fertiliser, sports, and aviation sectors.

JAL’s acquisition through the CIRP marks a significant step in Vedanta’s strategy to expand its portfolio and consolidate its presence in India’s industrial and infrastructure ecosystem.

The CCI noted that a detailed order outlining the terms and competitive impact of the transaction will be issued separately.