The Competition Commission of India (CCI) on Tuesday approved Vedanta Limited’s proposed acquisition of debt-laden Jaiprakash Associates Limited (JAL), a major step in the company’s ₹17,000 crore bid under the Insolvency and Bankruptcy Code (IBC) process. The approval clears a crucial regulatory hurdle for Vedanta, which emerged as the top bidder in a competitive open challenge round held on September 5, outbidding the Adani Group .

Vedanta Tops Bidding Amid Intense Competition

As reported by CNBC-TV18, Vedanta’s total offer amounted to ₹17,000 crore, translating to ₹12,505 crore in net present value (NPV) terms. Other contenders, including Dalmia Bharat Group, Jindal Power, and PNC Infratech, did not submit final bids in the concluding round. The win positions Vedanta to acquire one

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