Jaiprakash Associates: 6.45 Lakh Shareholders Face ₹400 Crore Loss. Here’s Why
Jaiprakash Associates investors are facing a major setback after the National Company Law Tribunal (NCLT) approved a ₹14,535 crore resolution plan submitted by Adani Enterprises to acquire the troubled infrastructure company. As a result of the insolvency resolution process, 6.45 lakh shareholders of Jaiprakash Associates are set to see their entire investment wiped out, translating…