 "jaypee")
JSW group is in an advanced stage of talks with Mumbai-based Suraksha Realty to provide it financial and technical support as the latter submitted its final bid to acquire Jaypee Infratech through the insolvency process.
Suraksha and state-owned NBCC are among the two bidders that submitted bids on Tuesday. According to sources, discussions are on between the realty company and JSW group company JSW Infrastructure.
The entry of JSW as a backer to the realty company provides a new twist to the long process to find a buyer for Jaypee Infratech which went into insolvency in August 2017. JSW Infra
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