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...
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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...
Yancoal Australia to buy 80% stake in Kestrel coal mine for up to $2.4 billion
Yancoal Australia said on Tuesday it has agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland for up to $2.4 billion, a move that strengthens its position as one of the country’s largest...
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...
Vedanta alleges Jaiprakash bid process was ‘tailor-made’ for Adani despite its higher offer
Billionaire Anil Agarwal-led Vedanta Ltd told the bankruptcy tribunal that the bidding process in the Jaiprakash Associates Ltd insolvency case was “tailor-made” by lenders to favour the Adani Group. Vedanta’s counsel...
Rio Tinto’s US boron assets draw interest from bidders, Bloomberg News reports
Rio Tinto’s, U.S. assets that produce the critical mineral boron have drawn interest from more than a dozen potential bidders and could be valued as much as $2 billion, Bloomberg News reported on Friday, citing...
Ex-Rio Tinto CEO’s deep-sea mining firm to merge with Odyssey in $1 billion deal
A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one of the world’s largest portfolios of underwater...
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...