Vedanta moves NCLAT, challenges NCLT nod to Adani's bid for acquiring Jaiprakash Associates

Vedanta Group has approached the National Company Law Appellate Tribunal. They are challenging the National Company Law Tribunal’s approval of Adani Group’s bid for Jaiprakash Associates Ltd. The Adani bid was approved for Rs 14,535 crore. Vedanta was also a contender for the acquisition. The appellate tribunal will hear the matter soon. Jaiprakash Associates has diverse business interests.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *