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 […]