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Vedanta Group top bidder for JP with ₹12,500 crore offer
The Morning Standard
|September 06, 2025
VEDANTA Group has emerged as the successful bidder for the debt-ridden Jaiprakash Associates Ltd (JAL), beating out a competitive field that included the Adani Group. Vedanta offered 12,510 crore in a challenge auction on September 5, 2025 for acquiring the assets of JAL, a person close to the development confirmed TNIE.
The acquisition was the result of a "challenge process" initiated by JAL's Committee of Creditors (CoC) to maximize recovery for creditors who have claimed dues of ₹57,185 crore.
Cette histoire est tirée de l'édition September 06, 2025 de The Morning Standard.
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