Amidst a competitive bidding process for control over Jaiprakash Power Ventures Ltd. (JPVL), mining mogul Anil Agarwal’s Vedanta Group has re-initiated discussions to place a revised non-binding offer, as it seeks a strategic buyout of the power company. The revised bid is expected to focus on acquiring compulsorily convertible preference shares (CCPS) worth ₹3,800 crore and potentially some debt, as the metal–to–mining firm pursues a majority stake. Vedanta is locked in a battle with one of the investment ...