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Vedanta challenges Adani's $4 billion bid for Jaiprakash assets in Indian Supreme Court.
Vedanta has filed a legal challenge against Gautam Adani's $4 billion bid for bankrupt Jaiprakash Associates assets, including the Buddh International Circuit.
Despite submitting a higher $1.8 billion offer, Vedanta lost to Adani's $1.5 billion bid due to higher upfront payments.
The company is now petitioning India's Supreme Court to block the sale and review the decision, arguing the process was flawed.
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Vedanta desafía la oferta de Adani de $ 4 mil millones para los activos de Jaiprakash en el Tribunal Supremo de la India.