NIFTY 50

NBCC back in race for Jaypee Infratech a day after voting begins on Suraksha Group's offer

Updated : May 01, 2019 11:11 PM IST

Suraksha's plan was put to vote after NBCC informed the committee of creditors on April 26 that it did not have government approvals to submit a resolution plan.
The latest communication from NBCC is bound to throw a spanner in the works, with the homebuyers, that constitute over 60 percent of the CoC, already split over the votes.
NBCC may be back in the race, but its offer can only be considered once the Committee of Creditors takes a view on the proposal.

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