VEDL

Group wins Jaiprakash Associate bid with ₹17,000 crore offer

Group wins bid for Jaiprakash Associates (JAL) with ₹17,000 crore offer, beating Adani Group. The bid translates into a net present value of Rs. 12,505 crore. JAL is undergoing insolvency proceedings after defaulting on loans, with financial creditors claiming Rs. 57,185 crore in unpaid dues.