real estate news
Vedanta Secures CCI Approval for Rs 17,000 Crore Jaiprakash Associates Acquisition
Vedanta Limited has received the green light from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for Rs 17,000 crore. This marks a significant step in Vedanta’s expansion into sectors like cement, real estate, and infrastructure.
Real Estate
Vedanta Seeks CCI Approval for ₹17,000 Crore Jaiprakash Associates Bid
Vedanta has submitted a bid of ₹17,000 crore for the acquisition of Jaiprakash Associates (JAL), which has interests in real estate, cement, hospitality, and EPC. The proposal includes ₹3,800 crore upfront and annual payments of ₹2,500–3,000 crore over the next five years.
real estate news
Vedanta's $2 Billion Bid for Jaiprakash Associates: A Credit Negative Move?
Vedanta's $2 billion bid for bankrupt infrastructure firm Jaiprakash Associates (JPA) is seen as credit negative by analysts at CreditSights due to JPA's heavy debt and declining earnings.
Real Estate
Vedanta Outbids Adani with ₹4000 Crore Upfront Payment for JAL
Vedanta Limited has emerged as the top bidder for the debt-ridden Jaiprakash Associates Ltd (JAL) with a bid of ₹4000 crore upfront and the remaining balance to be paid over five to six years. The bid, valued at ₹17,000 crore with a net present value of ₹12,505 crore, marks Vedanta's strategic entry into the cement and infrastructure sectors.
real estate news
Vedanta Offers ₹4000 Crore Upfront for Jaiprakash Associates, Rest Over 5-6 Years
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL) with a bid of ₹12,505 crore on a Net Present Value (NPV) basis. The company will pay ₹4000 crore upfront post NCLT approval and the remaining amount over the next 5-6 years.
real estate news
Vedanta Bids ₹4000 Crore Upfront for Jaiprakash Associates: A Strategic Move
Mining giant Vedanta Limited has proposed a ₹4000 crore upfront payment for the bankrupt Jaiprakash Associates Ltd (JAL), with the remaining balance to be paid over five to six years. This bid, with a net present value of ₹12,505 crore, has outshone rival Adani Group in the auction conducted by JAL’s lenders.
Real Estate
Vedanta Emerges as Top Bidder for Jaiprakash Associates with Rs 12,505 Crore Offer
Vedanta Ltd has been identified as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
real estate news
Vedanta Wins Jaiprakash Associates Bid with ₹12,505 Crore NPV Offer
Vedanta Ltd has emerged as the highest bidder for Jaiprakash Associates Ltd (JAL) with a ₹12,505 crore NPV offer, beating Adani Group. The payment will be made in a staggered manner over 5-6 years, with an initial ₹4,000 crore payment post-NCLT approval.
real estate news
Vedanta and Jaiprakash Associates Shares Surge as Anil Aggarwal Offers ₹4000 Crore Bid
Vedanta and Jaiprakash Associates shares are in the spotlight as Anil Aggarwal's firm proposes a significant ₹4000 crore upfront bid for the company. This move is expected to boost the real estate, cement, power, hotels, and roads sectors.
real estate news
Vedanta Secures Jaiprakash Associates with Rs 4000 Crore Upfront Payment
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAIL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the rest over 5-6 years. This acquisition complements Vedanta's existing businesses in power, real estate, and mining.
real estate news
Vedanta Secures Bid for Jaiprakash Associates with Rs 4,000 Crore Upfront Payment
Vedanta Ltd has emerged as the winning bidder for Jaiprakash Associates Ltd (JAL) with an initial payment of Rs 4,000 crore and the balance to be paid over the next 5-6 years, beating Adani Group in the auction.
Real Estate
Vedanta Outbids Adani Group with ₹17,000 Cr Offer to Acquire Jaiprakash Associates
Vedanta Group has emerged victorious in the bid to acquire debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, surpassing Adani Group. JAL, known for its interests in real estate, cement, power, hotels, and roads, entered insolvency proceedings after defaulting on loan payments.
Real Estate
Vedanta Emerges as Highest Bidder for Jaiprakash Associates in Major Insolvency Resolution
Vedanta Group has outbid Adani Group and others, securing Jaiprakash Associates Ltd (JAL) in a significant insolvency resolution. The deal, worth ₹12,510 crore, aims to resolve JAL's massive debt of ₹57,185 crore and offers Vedanta a diversified portfolio of assets.
Real Estate
2 High-Potential Stocks to Buy Now with Up to 16% Upside
Trade Brains Portal recommends Vedanta Ltd and Indian Oil Corporation Ltd for an upside potential of up to 16%. Analyze their performance and market trends to make informed investment decisions.
Real Estate
Major Players Vie for Jaiprakash Associates: Adani Group, Vedanta and Patanjali Among 26 Bidders
The race to acquire Jaiprakash Associates Limited (JAL) has intensified, with 26 bidders, including heavyweights like Adani Group, Vedanta, and Patanjali, vying for control. The filing by JAL highlights the significant interest from various sectors, particularly in real estate and infrastructure.
Real Estate
Stocks to Watch: Vodafone Idea, AB Real Estate, LTIMindtree, IndiGo, Vedanta, Ola Electric
Today, investors will have their eyes on shares of Vodafone Idea, AB Real Estate, LTIMindtree, IndiGo, Vedanta, and Ola Electric, as these companies are expected to be in the limelight due to various corporate actions and market developments.
Real Estate Mumbai
Vedanta Faced with ₹141.36 Crore GST Penalty for Ineligible ITC Claims, Plans Legal Action
Mumbai-listed Vedanta has been hit with two GST notices totaling ₹141.36 crore for claiming ineligible input tax credit (ITC). The company has expressed its intention to challenge the penalties legally.
real estate news
Top Stocks to Watch: Vedanta, Ola Electric, Avenue Supermarts, PCBL, and More
In today's market, several stocks are drawing significant attention from investors. From the robust real estate sector to the burgeoning electric vehicle industry, companies like Vedanta, Ola Electric, Avenue Supermarts, and PCBL are making waves. Here's
real estate news
Indian Stock Market Outlook: Nifty Consolidates, Bajaj Housing Finance May See Upside
Get the latest updates on the Indian stock market, including Nifty's consolidation and potential upside for Bajaj Housing Finance. Learn about the key events and stocks to watch.
Real Estate
Stock Market Update: RIL, IndiGo, PB Fintech, Tata Steel, Paytm, Wipro, Nalco & Vedanta in Focus
Indian benchmark indices settled slightly higher on Wednesday amid optimistic global cues and FIIs inflows. Here are the stocks that may remain under spotlight before the opening bell on Thursday, August 28, 2024.