{"id":645673,"date":"2025-09-11T11:39:13","date_gmt":"2025-09-11T06:09:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=645673"},"modified":"2025-09-11T11:57:38","modified_gmt":"2025-09-11T06:27:38","slug":"kotak-alternate-assets-bids-rs-7400-crore-for-jaiprakash-power-ventures-complicating-vedantas-plans-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kotak-alternate-assets-bids-rs-7400-crore-for-jaiprakash-power-ventures-complicating-vedantas-plans-2\/","title":{"rendered":"Kotak Alternate Assets bids Rs 7,400 crore for Jaiprakash Power Ventures, complicating Vedanta&#8217;s plans"},"content":{"rendered":"<p>Kotak Alternate Assets (Kotak Alts) has emerged the highest bidder for Jaiprakash Power Ventures Ltd\u2019s 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\u2019s bid for holding company Jaiprakash Associates Ltd (JAL). <\/p>\n<p>Anil Agarwal-led Vedanta\u2019s ability to exercise influence over a key asset of JAL could be hindered if control of Jaiprakash Power (JP Power) were to pass on to a third party like Kotal Alts. JAL, currently undergoing insolvency proceedings, is a 24% shareholder in Jaiprakash Power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Alternate Assets (Kotak Alts) has emerged the highest bidder for Jaiprakash Power Ventures Ltd\u2019s 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\u2019s bid for holding company Jaiprakash Associates Ltd (JAL). Anil Agarwal-led Vedanta\u2019s ability to exercise influence over a key asset of JAL could be hindered if control of Jaiprakash Power (JP Power) were to pass on to a third party like Kotal Alts. JAL, currently undergoing insolvency proceedings, is a 24% shareholder in Jaiprakash Power.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-645673","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=645673"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/645673\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=645673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=645673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=645673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}