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Vedanta’s RS 17,000 crore -winning bid for the assets of Jaiprakash Associates under NCLT has drawn a lukewarm reaction of analysts. Brokers have weak synergies, debt risks and limited visibility marked with every turning point, which suggests that the deal could do more harm than good for the company led by Anil Agarwal. Nuvama Institutional […]
File photo: A bird flies along the Vedanta logo installed on the facade of the head office in Mumbai, India 31 January 2018. Reuters/Danish Siddiqui/File photo | Photocredit: Danish siddiqui MijnMogul Anil Agarwal’s Vedanta Ltd looks at full control over Jaiprakash Power Ventures Ltd (JPVL), the profitable power-arm of debt-loaded Jaiprakash Associates Ltd (JAL). The […]
