NBCC bids to acquire Jaypee Infratech

Noida | Saturday | 16th February, 2019

Summary:

NEW DELHI: State-owned NBCC Ltd on Friday said it has bid to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida.NBCC chairman and managing director Anoop Kumar Mittal said the company is "keen to acquire" Jaypee Infratech and complete over 20,000 housing units. He declined to share the bid value but said the resolution plan submitted by the company is beneficial for all stakeholders, including banks, home buyers and NBCC..