Business Standard

Tuesday, December 24, 2024 | 06:26 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Adani offers lenders Rs 500 cr upfront in fresh bid for Jaypee Infratech

CoC will take a call on May 30. Adani has also offered 1,000 acres to lenders and Rs 1,700 cr to build houses for home owners. Of the Rs 500 cr, lenders would get Rs 23 cr as cash payment

Deposit money as directed, Tihar is not far, Supreme Court warns Jaypee
Premium

Dev Chatterjee Mumbai
The Adani group has again entered the race for debt-ridden Jaypee Infratech by making a non-binding offer of Rs 500 crore as upfront payment to lenders, employees and operational creditors.

The committee of creditors (CoC), scheduled to meet on May 30 to consider NBCC (India)’s offer, will also consider the Adani group’s fresh offer.

The Adani group has additionally offered 1,000 acres to lenders and Rs 1,700 crore to construct houses for home owners. Of the Rs 500 crore, lenders will receive Rs 23 crore, while the rest of the money will go to the employees and operational creditors. The Adani offer,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in