Vedanta outbid Adani with a Rs 17,000 crore offer for Jaiprakash Associates, sparking a 2% stock dip. Analysts flagged financing challenges, with Rs 4,000 crore due upfront, and warned of execution risks in stalled projects like Jaypee Wishtown. While diversification into cement & infra could unlock growth,concerns over balance sheet strain and diluted focus make this a high-risk, high-reward bet.