India is considering selling as much as a 2 per cent stake in Hindustan Zinc Ltd. in a transaction that could raise up to ₹5,000 crore ($525 million), according to people familiar with the matter. The Department of...
Metal
Cargill in talks to sell metals unit to Macquarie, sources say
Cargill is in talks to sell its metals unit to Macquarie Group, five sources with knowledge of the matter said, as the global trading house aims to focus on its core food and agriculture operations. All five sources...
JAL Case: NCLAT reserves ruling on Vedanta plea
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta’s two petitions challenging the selection of Adani Enterprises bid to acquire debt-ridden Jaiprakash Associates Ltd...
JAL insolvency case: Lenders flag ‘leak’ that may have aided Vedanta bid
In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to...
Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLAT
The resolution professional of debt-ridden Jaiprakash Associates Ltd (JAL) told the National Company Law Appellate Tribunal (NCLAT) that there has been no formal declaration identifying Vedanta as the highest bidder in...
NCLAT adjourns hearing on Vedanta plea against selection of Adani’s bid for JAL
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned its hearing over mining giant Vedanta Group’s petitions against the selection of Adani Enterprises’ bid for debt-ridden Jaiprakash...
SC to hear Vedanta’s stay plea against Adani’s Jaiprakash Associates takeover
The Supreme Court will hear on Monday Vedanta Ltd.’s plea seeking a stay on the Adani Group’s plan to take over debt-laden Jaiprakash Associates. This follows the refusal by the National Company Law...
Vedanta extends demerger deadline to June 30
Vedanta Ltd on Tuesday said it has extended the deadline for its proposed demerger to June 30, as approvals from certain government authorities remain pending and are still being processed. “Since certain...
Vedanta tells Supreme Court its revised Jaypee bid tops Adani offer
Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer. In its...
Vedanta moves Supreme Court seeking stay on Adani’s JAL resolution plan
Anil Agarwal-owned Vedanta has moved the Supreme Court, seeking stay on the Adani Group’s ₹14,500-crore debt resolution plan for now insolvent Jaiprakash Associates (JAL). Challenging the rejection of its revised...
NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as party
The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
