The surge in Jaiprakash Power Ventures share price comes as investors assess the potential implications of the Adani Group securing Committee of Creditors (CoC) approval for its resolution offer for Jaiprakash Associates.
Adani Enterprises' resolution plan for Jaiprakash Associates, valued at Rs 14,500 crore, will now require clearance from the National Company Law Tribunal’s Allahabad Bench and other regulatory authorities.
Though Cipla will be too big to swallow for any Indian pharmaceutical player, either a combination with a private equity company or a plain private equity buyout is possible. The two options have different ramifications for investors.