Vedanta shares settle 2.5% lower; what weighed on the sentiment?

The bid value translates into Jaiprakash Associates' net present value of ₹12,505 crore.

Vedanta stock eventually ended at ₹434.35 apiece on the NSE, down 2.5%.

According to a PTI report on Sunday, September 7, Vedanta, in its winning bid for debt-laden Jaiprakash Associates Ltd (JAL), offered a ₹4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years.

"The entire payout is expected to be made in a staggered manner, wherein the first part of the payment is expected to be around ₹4,000 crore, which will be post NCLT approval. This could easily take anywhere around a year, and the timeframe for the remaining payment would be approximately 5-6 years," PTI reported, quoting sources.

JAL, which has interests in real estate, cement, power, hotels and roads, has been dragged into insolvency proceedings after it defaulted on payment of loans.

Lenders of JAL conducted a challenge process for the sale of the company under the IBC.

Why did shares take a beating?

Shares of Vedanta came under selling pressure following the news report, as analysts have raised concerns over the company's decision to acquire the debt-ridden Jaiprakash Associates (JAL).

"Getting into unrelated businesses at this point in time, when priority should be deleveraging, is a cause of concern," the report added. It also said that Vedanta will be able to fund the acquisition, but, the news reports said, analysts are unconvinced by the rationale to acquire the group of assets.

In a separate development, Supreme Court judge Justice K. Vinod Chandran on Monday (September 8, 2025) recused himself from hearing a plea seeking directions to authorities to investigate allegations made by US short seller Viceroy Research that billionaire Anil Agarwal's mining conglomerate was "financially unsustainable" and posing severe risk to creditors.

Taking note of Justice Chandran's recusal, the Bench, also comprising Chief Justice of India B. R. Gavai and Atul Chandurkar, adjourned the plea filed by advocate Shakti Bhatia, PTI reported.