Adani Enterprises likely to pip Vedanta to emerge highest bidder for Jaiprakash Associates

Adani Enterprises Ltd is reportedly poised to become the highest bidder for Jaiprakash Associates Ltd (JAL), surpassing Vedanta’s offer. Adani’s proposal to pay the acquisition amount within two years is considered more favorable than Vedanta’s five-year payment plan. The Committee of Creditors is expected to vote on the resolution plans soon.

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