Lenders reject Lakshadweep’s offer to buy Jaypee Infratech
Updated : May 10, 2018 11:36 AM IST
Lakshadweep Pvt Ltd, is a joint venture (JV) between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Reality.
Jaypee Infratech is facing insolvency proceedings after it defaulted on loan repayments.
Jaypee Infratech currently has about Rs 24,000 crore worth assets while its debt is nearly Rs 10,000 crore.
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