VEDL

Outbids Adani, Offers ₹17,000 Crore to Acquire Jaiprakash Associates !!!!!!!

a has outbid Adani Group and others with a ₹17,000 crore offer to acquire debt-ridden Jaiprakash Associates under the IBC process. The bid, which has a net present value of about ₹12,505 crore, covers JAL’s wide portfolio spanning cement, power, real estate, hotels, and highways. The company had defaulted on loans and entered insolvency, drawing interest from several major players including Adani, Dalmia Bharat, Jindal Power, and PNC Infratech. Vedanta’s win strengthens its expansion strategy and positions it ahead of competitors in securing JAL’s diverse assets.