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Limited Strategic Synergy in Vedanta's JAL Acquisition; Deal Rated Redit Negative: CreditSights

Limited Strategic Synergy in Vedanta's JAL Acquisition; Deal Rated Redit Negative: CreditSights

Mining conglomerate Vedanta Ltd's proposed acquisition of distressed infrastructure builder Jaiprakash Associates Ltd (JAL) for ₹17,000 crore is credit negative because of limited strategic synergistic rationale

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