Vedanta beats Adani Group with Rs 17,000 cr bid to acquire JAL

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Vedanta Group has emerged as the winning bidder for the debt-ridden Jaiprakash Associates (JAL), surpassing Adani Group with a Rs 17,000 crore offer. This bid translates to a net present value of Rs 12,505 crore for JAL, which faced insolvency proceedings due to loan defaults.

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Vedanta beats Adani Group with Rs 17,000 cr bid to acquire JAL

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