Vedanta offers guarantee for Videocon bid, now lenders' preferred bidder: Sources

Mumbai: Anil Agarwal-led Vedanta Group has offered a full corporate guarantee for its offer to buy out the distressed Videocon Industries, tilting the scales in the favour of its subsidiary Twin Star Holdings as the preferred bidder for the oil-to-consumer electronics company, multiple persons involved in the process said.“If you really evaluate the offers on the table, there was not much difference between Vedanta’s offer and the one from the