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Adani Enterprises may pip Vedanta to be highest bidder for JAL
Business Standard
|November 10, 2025
Adani Enterprises is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta’s bid to make payments in five years, sources said.
In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of ₹12,505 crore as net present value, in an auction carried out by lenders to find suitors for JAL, whose intere
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