The Economic Times

Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore plan

Adani Group has made a significant payment of 6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a 14,535 crore resolution plan. The payment follows judicial clearance and the dismissal of a rival bid. Lenders will receive a substantial amount after a long wait. This development is a key milestone in a lengthy insolvency case.