Archive · 5 Sep 2025
Vedanta Wins JAL Bid After Adani Duel with Rs 17,000 Cr
Vedanta, led by Anil Agrawal, won the bid to acquire Jaiprakash Associates (JAL) for Rs 17,000 crore, beating Adani Group.
JAL, which owns real estate, cement plants, and hotels, was facing insolvency after defaulting on loans.
The bid's net present value is Rs 12,505 crore.
JAL was admitted to insolvency proceedings in June 2024 after ICICI Bank filed a petition.
The company has significant debt, with financial creditors claiming Rs 57,185 crore.
NARCL is now the largest claimant.
The acquisition will add a new business vertical for Vedanta.
Vedanta won the bid for Jaiprakash Associates (JAL) with a Rs 17,000 crore offer.
Adani Group was the other bidder in the process.
The bid translates to a net present value of Rs 12,505 crore.
JAL was undergoing corporate insolvency proceedings.
NARCL is the largest claimant with Rs 57,185 crore in claims.
- Who
- Vedanta
- What
- Won the bid for Jaiprakash Associates (JAL)
- When
- September 5, 2025
- Where
- Not explicitly stated
- Why
- To acquire assets from debt-ridden Jaiprakash Associates
- Winning Bidder
- Vedanta
- Bid Amount
- Rs 17,000 crore
- Net Present Value (NPV)
- Rs 12,505 crore
- Runner-up
- Adani Group
- Company in Insolvency
- Jaiprakash Associates (JAL)
- Creditors' Claims
- Rs 57,185 crore
Sources
Lenders of bankrupt Jaiprakash Associates to meet Friday; challenge process among 5 bidders likely
Vedanta acquires Jaiparkash Associates in Rs 17,000 crore bid, beats Adani Group
Vedanta beats Adani Group with Rs 17,000 cr bid to acquire JAL
Jaiprakash Associates acquisition: Vedanta Group wins bid over Adani with ₹17,000 crore offer
Vedanta trumps Adani in closely-contested battle to win bid for Jaiprakash Associates
Vedanta outbids Adani Group to acquire debt-laden Jaiprakash Associates for Rs 17,000 crore
Vedanta beats Adani with Rs 17,000 cr bid to acquire Jaiprakash Associates
