Adani Enterprises Gains After JAL Acquisition Approval

Adani Enterprises rose over 1.5% after NCLT approved its ₹14,535 crore bid to acquire Jaiprakash Associates via insolvency. The deal, backed by 89% creditor votes, boosted JAL-linked stocks like Jaiprakash Power (+8%) (at the time of posting this post). JAL, burdened with ₹57,185 crore debt, holds diversified assets across real estate, cement, power, and infrastructure.