Vedanta has acquired Jaiprakash Associates

secures Jaiprakash Associates with ₹17,000 crore bid. Vedanta Group made a winning bid of ₹17,000 crore for debt-ridden Jaiprakash Associates (JAL), JAL has estimated net present value of ₹12,505 crore and is valued at ₹57,185 crore in unpaid dues. Lenders' CoC meeting on Friday finalized the winning bid following a challenge process among multiple interested entities. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.