Vedanta beats Adani for acquisition of JAL

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....edanta beats Adani for acquisition of JAL<BR>Corp. Laws / SEBI / IBC<BR>Dated:- 5-9-2025<BR>PTI<BR>New Delhi, Sep 5 (PTI) Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winn....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for a net present value of Rs 12,505 crore, according to sources. JAL, which has interests in real estate, cement, power, hotels....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... and roads, had been dragged into insolvency proceedings after it defaulted on payment of loans. Lenders of JAL conducted a challenge process for the sale of the company under the IBC. Multiple bidd....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ers participated in the process, but in the end, firm bids were put in by only two firms -- Adani and Vedanta Group. Vedanta eventually made a winning bid of Rs 17,000 crore, which translated into an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... NPV of Rs 12,505 crore, beating Adani Group. PTI MJH KRH ANZ MJH BAL BAL<BR> News - Press release - PIB....