2025-07-08Niranjan Ghatule
JP Associates, a heavily debt-laden penny stock once trading at ₹3000 and now down to just ₹3, has suddenly hit the upper circuit, triggering market buzz. The reason? Gautam Adani’s conglomerate has emerged as the top bidder with a ₹12,500 crore offer to acquire the company under the IBC process.
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