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.source https://economictimes.indiatimes.com/industry/banking/finance/lenders-reject-rs-2800-crore-vedanta-offer-for-lanco-unit/articleshow/88844642.cms
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