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Vedanta tops Adani with ₹17,000 cr JAL bid
Mint Chennai
|September 06, 2025
JAL entered insolvency in June 2024 after loan defaults; financial creditors claim ₹57,185 crore in unpaid dues
Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for acquiring debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, said people. The offer translates into a net present value (NPV) of ₹12,505 crore for JAL.
This story is from the September 06, 2025 edition of Mint Chennai.
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