Lenders reject Rs 2,800-crore Vedanta offer for Lanco unit - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Lenders reject Rs 2,800-crore Vedanta offer for Lanco unit

Vedanta's offer had been put to a vote after it was found to be better than a rival offer from iLabs Group. However, its offer failed to get the requisite approval of two-thirds of the creditors who are entitled to vote in the committee of creditors meeting, according to sources.

from Industry-Economic Times
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