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Adani wins Jaiprakash bid after Vedanta challenges decision.
Vedanta chairman Anil Agarwal claims his company won the bid to acquire Jaiprakash Associates, but the decision was reversed in favor of Gautam Adani’s group.
Adani’s plan offered a larger upfront payment and faster repayment timeline, while Vedanta’s bid was valued higher but faced rejection.
Vedanta has filed a challenge at the NCLAT, citing transparency issues, while the lenders argue their decision complied with all regulations.
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Adani gana la licitación de Jaiprakash después de que Vedanta desafíe la decisión.