Adani Enterprises Today, Nov 20: Stock Gains 1% After JP Associates’ ₹14,500 Crore Resolution Plan Clears

Adani Enterprises moved higher in early trade on November 20. Investors cheered the news that creditors backed the Adani-led resolution plan for Jaiprakash Associates. This is big because JP Associates is a large, debt-laden infrastructure firm. Its clean-up affects lenders, suppliers, and many infra-sector peers. For Adani Enterprises, the approval reduces takeover uncertainty and opens a path for integration if regulators and courts give the go-ahead.