Vedanta Questions Evaluation Metrics Behind Selection of Adani's Bid for JAL

Vedanta questions evaluation metrics behind selection of Adani's bid for JAL

New Delhi, Apr 10 (PTI) Mining giant Vedanta Group on Friday questioned the evaluation metrics adopted by lenders of Jaiprakash Associates Ltd (JAL), which had selected the lower bid of Rs 3,400 crore from Adani Enterprises for the debt-ridden company. During proceedings of the insolvency appellate tribunal National Company Law Appellate Tribunal (NCLAT), the counsel representing Vedanta Ltd said the "valuation in the process has been used to wi…

Jaiprakash Gaur confident Adani will carry Jaypee legacy forward

Jaypee Group Founder Chairman Jaiprakash Gaur on Friday expressed confidence that the legacy of Jaiprakash Associates Ltd will be carried forward under the leadership of Gautam Adani after the company's resolution process.

Jaiprakash Gaur expresses full confidence in Adani Group to take Jaiprakash Associates forward

Former Jaypee Group chairman Jaiprakash Gaur on Friday expressed confidence in the Adani Group’s takeover of Jaiprakash Associates Ltd (JAL), following “the fair and transparent process conducted by the Committee of Creditors.”

Jaiprakash Gaur backs Adani takeover of JAL, expresses confidence in leadership - BusinessToday

Jaiprakash Associates’ founder Jaiprakash Gaur said:  “I have every confidence that under the leadership of Shri Gautam Adani, the legacy of Jaiprakash Associates will be carried forward with renewed energy, responsibility, and purpose."