In Short : Kotak Alternate Assets has bid ₹7,400 crore for Jaiprakash Power Ventures, covering preference shares and debt, which could give it majority control. This complicates Vedanta’s ₹17,000 crore acquisition of Jaiprakash Associates, as JP Power is its key subsidiary. Kotak’s entry may reduce Vedanta’s influence over the power business, reshaping control of these […]
Investors Compete for JP Power as Jaiprakash Associates’ Auction Puts Future at Stake – EQ
In Short : Investors are actively competing for stakes in JP Power as parent company Jaiprakash Associates faces an auction today. The heightened interest underscores the power sector’s investment potential, with bidders seeking strategic opportunities ahead of restructuring. The auction’s outcome will be crucial in determining JP Power’s financial stability, ownership structure, and growth path […]