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Vedanta Emerges Top Bidder for Jaiprakash Associates with ₹12,510 Crore Offer

Vedanta Limited, one of Indiau2019s leading natural resources companies, has once again proved its strength in the business world. The company, in one of the recent moves, has emerged as the successful bidder for the debt-ridden Jaiprakash Associates Ltd (JAL), beating other conglomerates including Adani Group, Dalmia Bharat, Jindal Steel & Power (JSPL), and PNC Infratech.

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Vedanta Emerges Top Bidder for Jaiprakash Associates with ₹12,510 Crore Offer

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  1. Vedanta Emerges Top Bidder for Jaiprakash Associates with ₹12,510 Crore Offer

  2. Introduction Interestingly, this news came at a time when the mining company was in the news due to Vedanta debt. While it is true that Vedanta, like other large corporations, also borrowed money for expansion and growth, at the same time, the company has consistently honoured its commitments and maintained an ethical business relationship with creditors and stakeholders.

  3. Why This Win Matters • This acquisition is important for Vedanta, especially when it is demerging its operations. Also, despite being roped into the Vedanta debt news, it remained focused on value-creation. The successful bid proves that the company has both the resources and the confidence to take bold decisions. For JAL’s creditors, this deal will bring good news as it will help them recover a large part of their money. While for Vedanta, on the other hand, it’s another step towards expanding its presence and proving its long-term vision.

  4. The Challenge Auction • The auction was part of JAL’s Corporate Insolvency Resolution Process (CIRP), which was set up to help creditors recover their dues. Jaiprakash Associates had total claims of INR 57,185 crores from creditors. To maximise recovery, JAL’s Committee of Creditors (CoC) started a challenge process, where bidders had to compete to make the best offer.

  5. THANK TOU • For watching this presentation

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