JP Associates' shares rise 5% after Adani Group emerges as sole unconditional bidder

Jaiprakash Associates shares rose 5% after reports said the Adani Group is the only bidder to make an unconditional Rs 12,600 crore offer in its insolvency process. Other bidders, including Dalmia Bharat and Vedanta, have tied their bids to a land dispute pending in the Supreme Court. The CoC has asked all bidders to revise and improve their offers.