Sun Pharma's co-promoter may not bid for Jaypee Infratech, says report
Updated : January 22, 2019 09:45 AM IST
Valia, owner of Suraksha Asset Reconstruction, was planning to make a bid for Jaypee in a tie-up with Dosti Realty, a Mumbai based real estate developer.
The ongoing problems at Sun Pharmaceutical, whose shares dropped about 37 percent, since September last year, might have prompted Valia to reconsider his bid, said the report citing unidentified sources.
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