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Vedanta-JAL deal:
Financial Express Lucknow
|September 09, 2025
A premature move
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VEDANTA HAS REPORTEDLY emerged as the highest bidder for Jaiprakash Associates' assets with an offer of around ₹17,000 crore, staggered over five years. The company will first need to secure statutory approvals (CCI, NCLT, etc.), a process that could take 3–6 months. Once cleared, Vedanta is expected to make an upfront payment of ₹3,700–3,800 crore, with the balance spread over the subsequent five years. The move comes as a surprise, given that Jaiprakash Associates' businesses lie outside Vedanta's core portfolio. For now, we are not factoring this development into our estimates pending further clarity, and we maintain our BUY rating with an SoTP-based target price of ₹530.
Bu hikaye Financial Express Lucknow dergisinin September 09, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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