Stock Market News: A company with a market cap of ₹783 crore is being sold for 12000 crores

News Topical, Digital Desk : The company's stock touched a high of Rs 538. After this, the stock declined and fell to a low of Rs 1.05. The company has a lot of debt. That is why preparations are now underway to sell it. The company is in NCLT. Let us tell you that Adani Group has come very close to buying it. This is Adani's first deal larger than ₹ 8,000 crore after the Hindenburg Report (January 2023) and the US DOJ's bribery investigation (November 2024).

Let us understand in detail...
A report by news agency Bloomberg states that Adani Group has placed an unconditional bid of ₹12,000 crore to buy Jaiprakash Associates.

This deal includes an immediate cash payment of ₹3,500 crore. The company also has a proposal to leave an amount of ₹890 crore and take a risk of ₹2,600 crore on the disputed Yamuna Expressway land.

This is Adani's first deal larger than ₹8,000 crore after the Hindenburg Report (January 2023) and the US DOJ's bribery investigation (November 2024).

If the Supreme Court gives the green signal, this deal will be considered a big sign of Adani's comeback. Earlier, Adani had bought Holcim's cement business for ₹53,000 crore.

This company based in Uttar Pradesh is a big infrastructure developer. It works in areas like cement, power, real estate, Formula One track, hostels. It matches with Adani's business, which can create synergy. There

is a dispute over the land of 1,000 hectare Sports City project in Greater Noida. In March 2025, Allahabad High Court accepted the cancellation of YEIDA's land as correct. The matter is now in the Supreme Court. This case can put the deal in jeopardy.

Who were the other claimants? Apart from Adani, big companies like Dalmia Bharat, Jindal Steel & Power, Vedanta also bid to buy Jaiprakash. But they had put some legal conditions, while Adani's bid was unconditional - which gave him an edge. For those who have shares of Adani Group companies (like Adani Enterprises, Adani Ports, Adani Power), this deal gives mixed signals: Positive: Adani's expansion policy is making a comeback. Negative: If the case gets stuck in the Supreme Court, the deal may get stuck, and the funding risk will also remain. Shareholders of Jaiprakash Associates will not get direct benefit, because the company is bankrupt. There is a possibility of movement in the shares of Adani Cement, Adani Realty and other companies of the infra sector. Supreme Court's decision - the fate of the deal depends on this. CoC's approval - The creditor committee of banks is still doing the final evaluation. Adani's funding strategy - Will the company deal with cash reserves or take a loan.

Overall - this bid of Adani not only shows the return of its corporate confidence, but also clearly shows its strong hold in the cement and infra sector. However, it is important to be cautious about the Supreme Court case and funding structure. Investors should keep an eye on whether this deal will become a "revival" or prove to be a "risk". (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the experts, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)