Resources conglomerate Vedanta’s final offer of ₹565 crore was much higher than the staggered payment of ₹400 crore it had offered under the corporate insolvency and resolution process (CIRP). The auction process, which started on the morning of May 6, ended the next day, the people said.Resources conglomerate Vedanta’s final offer of ₹565 crore was much higher than the staggered payment of ₹400 crore it had offered under the corporate insolvency and resolution process (CIRP). The auction process, which started on the morning of May 6, ended the next day, the people said.
Related Articles
International News
Kirit Parikh panel likely to recommend price cap for ONGC gas, no change in formula for Reliance
The panel, which was tasked with suggesting a “fair price to the end-consumer” while ensuring “market-oriented, transparent and reliable pricing regime for India’s long-term vision for ensuring a gas-based economy”, may opt to suggest two […]
International News
Hundreds of crores spent in 23 years, yet NTPC Tandwa project’s future uncertain
Preparations were underway to start power generation from the first unit of the plant this month itself, but it seems unlikely due to a violent clash.Ranchi: Hundreds of crores have been spent in the last […]
International News
India refunds $1 bn in tax row with British energy firm Capricorn
A 2012 tax law gave New Delhi the power to claim back taxes from enterprises that had acquired assets of local companies in past deals. Mumbai: India has refunded $1.1 billion to Scottish energy firmCapricorn, […]


