NEW DELHI: Metals and mining giant Vedanta Ltd today said it has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP).
The company has “submitted a preliminary non-binding Expression of Interest for submission of resolution plan of Jaypee Infratech Ltd under corporate insolvency process (CIRP),” Vedanta Ltd said in a BSE filing.
It, however, said that no negotiations have taken place on this with Jaypee Infratech Ltd.
The statement comes amid reports that Vedanta is among the few players who have shown interest in buying Jaypee Infratech in full or in part.
The company further said, “the submission of EoI is in the normal courses of business an…
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