Vedanta Ltd in its winning bid for debt-laden Jaiprakash Associates Ltd (JAIL) has offered Rs 4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years, sources said.

Vedanta beat Adani Group with a bid whose net present value comes to Rs 12,505 crore in an auction carried out by lenders to find suitors for JAL.

JAL is undergoing CIRP under the IBC process and the Resolution Professional invited Resolution Plans on June 24. As a part of the same process, a challenge process was conducted among the five bidders  wherein Vedanta emerged as the H1 bidder at the NPV value of Rs 12,505 crore.

Sources said Vedanta was identified as the H1 bidder for Jaiprakash Associates Limited (JAL) by the NARCIL-led Committee of Creditors (CoC).

"The entire pay-out is expected to be made in a staggered manner, wherein the first part of the payment is expected to be around Rs 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," said a person familiar with the bid terms.