Kotak Alternate Assets bids Rs 7,400 crore for Jaiprakash Power Ventures , complicating Vedanta’s plans
Kotak Alternate Assets (Kotak Alts) has emerged the highest bidder for Jaiprakash Power Ventures Ltd’s compulsorily convertible preference shares and its debt with a cumulative offer of about Rs 7,400 crore, according to people in the know, potentially complicating Vedanta’s bid for holding company Jaiprakash Associates Ltd (JAL).
