Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid

In a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this bid falls short of the company's liquidation value, prompting lenders to engage in discussions with Ambuja for a more favorable offer.

Raccontata daeconomictimes.indiatimes.com