Tag: vedanta

Anil Agarwal, founder of the Vedanta Group (Handout)
Posted in Business

Vedanta shares surge to record after demerger into five firms gets NCLT nod| Business News

Shares of Vedanta Ltd. surged to a record on Tuesday after a tribunal approved the company’s demerger into five separate units. Anil Agarwal, founder of…

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Adani Group Chairman Gautam Adani. Vedanta's bid for Jaypee Group (Jaiprakash Associates) entailed a five-year payment timeline, significantly longer than the 1.5-2 years proposed by Adani Enterprises. (Bloomberg)
Posted in Business

Adani Enterprises chosen to acquire Jaypee Group despite offering less than Vedanta| Business News

Creditors of Jaiprakash Associates Ltd., commonly known as Jaypee Group, have unanimously backed Adani Enterprises Ltd.’s ₹13,500-crore takeover proposal under the insolvency process, preferring it…

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