15 Jun 2026
Jaiprakash Associates will delist from the BSE and NSE on 18 June after the NCLT-approved resolution plan, which leaves existing shareholders with zero consideration.
The plan, won by the Adani group, wipes out equity holders entirely as the company exits a debt load above 57,000 crore rupees. It is a clean reminder of how insolvency resolutions treat the bottom of the capital stack.