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Infrastructure

Lakshadeep Pvt Ltd emerges as front-runner for Jaypee Infratech bid

Updated : April 15, 2018 03:11 PM IST

The firm made an offer to lenders to square of all the debt from proceeds of land swap and monetisation of revenues.
JIL feels the company whose liquidation value is Rs 15,000 crore is being sold for less than half.
Lakshadeep's offer is, however, not better than the proposal Jaypee Infratech Ltd (JIL) had made.
Lakshadeep Pvt Ltd emerges as front-runner for Jaypee Infratech bid
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