Shares of Jaiprakash Associates to be delisted from stock exchanges
Jaiprakash Associates Ltd, which has been acquired by Adani Enterprises through the insolvency process, will get delisted from stock exchanges with effect from June 18.
In a regulatory filing on Monday, Jaiprakash Associates Ltd (JAL) informed that it has received final approval from the BSE Ltd and National Stock Exchange of India Ltd for delisting of its equity shares from both stock exchanges.
Accordingly, the company’s equity shares would stand delisted from the BSE and the NSE with effect from June 18, 2026.
The delisting is as per the resolution plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.
Last month, the National Company Law Appellate Tribunal (NCLAT) rejected a challenge by mining billionaire Anil Agarwal’s Vedanta Ltd to the winning bid by Gautam Adani’s group for bankrupt real estate firm JAL.
The NCLAT held that the Committee of Creditors (CoC) were right in preferring Adani Group’s Rs 14,535-crore bid over Vedanta’s resolution plan for JAL.
JAL is into diversified business, including construction, real estate, power and hotels. It also has a Formula One circuit.
