Promoter submits fresh ₹18,000 cr plan for Jaiprakash Associates; Gaur family’s fresh offer surpasses Adani and Vedanta bids
Published on: Oct. 31, 2025, 12:12 a.m. | Source: The Economic Times
The promoter of Jaiprakash Associates has submitted a new ₹18,000 crore plan to regain control of the company. This offer surpasses those from Vedanta and Adani. Lenders are evaluating the bids, with a vote expected next month. Funding certainty for the promoter's upfront payment remains a key concern for creditors.
