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Jaypee Infra insolvency: NBCC sweetens bid by offering more land & benami flats to lenders
November 17, 2019 | By Moneycontrol.com
business
The company, which submitted its resolution plan on Sunday, is also believed to have offered 75 percent of 858 acres land which is expected to be transferred back to Jaypee Infratech from the parent company Jaiprakash Associates, they added.
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State-owned NBCC Ltd on Sunday sweetened its bid to acquire bankruptcy-bound Jaypee Infratech, by offering lenders 1,426-acre land instead of 950 acres earlier and also providing half of 3,000 benami flats to them, sources said. The company, which submitted
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