Business Standard

NBCC India leads race for Jaypee Infratech with Rs 1,000-crore offer

Lenders to vote on Jaypee Infra bidder from Wednesday

Jaypee infratech
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Dev Chatterjee Mumbai
Indian lenders of Jaypee Infratech are set to vote from Wednesday on the two offers made by the government-owned NBCC India and Suraksha Asset Reconstruction. The highest bidder will be announced by Saturday. While NBCC has made an offer of Rs 1,000 crore as upfront cash, Suraksha’s offer was far less at Rs 10 crore.

In the committee of creditors’ (CoC) meeting held in New Delhi on Monday, the CoC has also decided to consider the request made by the homeowners of Jaypee Infratech for a forensic audit of the company. The homeowners got a seat at the CoC table

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