Suraksha group gets lenders, homebuyers' approval to buy Jaypee Infratech
Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL), a development that raises hopes for homebuyers in getting possession of their flats after many years of delay.
The 10-day-long voting process on the takeover proposals submitted by NBCC and Suraksha group ended on Wednesday afternoon. More than 98 per cent of the votes were in favour of Suraksha group's bid. Source: PTI