US EditionVedanta Share Price Falls After Becoming Top Bidder For Jaiprakash Associates
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.3 Articles
3 Articles
Vedanta Share Price Falls After Becoming Top Bidder For Jaiprakash Associates
Vedanta Ltd.'s shares traded lower during early trade on Monday after reports said the Anil Agarwal-led conglomerate has won the bid for debt-laden Jaiprakash Associates Ltd.The bid is worth over Rs 17,000 crore, with a net present value of over Rs 12,500 crore. The net present value of a bid takes into account the time value of money, as deals for distressed assets have longer repayment schedules.The company has offered an Rs 4,000 crore paymen…
A major turning point has come in the race to acquire Deva Doobela Jayprakash Associates Limited (JAL). Vedanta Group has unveiled a masterplan that has left giants like Adani, Dalmia, Jindal Power and PNC Infratec behind. Vedanta has proposed to pay the advance amount of Rs 4,000 crore and the remaining amount in installments over a period of 5 to 6 years. The net present value (NPV) of this entire offering is estimated to be around Rs 12,505 c…
Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years
New Delhi, Sep 7 (PTI) Mining conglomerate Vedanta Ltd in its winning bid for debt-laden Jaiprakash Associates Ltd (JAIL) has offered Rs 4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years, sources said. Vedanta beat Adani Group with a bid whose net present value comes to Rs 12,505 crore in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels and r…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
