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 Banking/Finance-Industry-Economic Times https://ift.tt/3K3fSx6