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JAL bidders asked to revise offers, share funding plans
Business Standard
|September 26, 2025
How the bidding has panned out
The contest for Jaiprakash Associates Ltd (JAL) is set to intensify as Vedanta, the Adani group and other suitors have been asked to submit revised bids by Thursday evening, and detail how they intend to finance the purchase, people familiar with the matter said.
Vedanta had topped an earlier online auction with a₹12,505 crore offer for the company's assets, about ₹250 crore more than Adani's fair value bid. Other players are also expected to return with improved terms, the people said, asking not to be identified as the talks were private.
Cette histoire est tirée de l'édition September 26, 2025 de Business Standard.
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