Latest Jaypee Infratech News
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Business Line
Max Healthcare acquires 64% stake in Jaypee Healthcare for ₹1,660 crore
Jaypee Healthcare is a subsidiary of the debt-ridden Jaypee Infratech; and is currently going corporate insolvency proceedings.
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Fri, Sep 13, 2024
The Economic Times
Suraksha Group earmarks 2,552 acre of land in Delhi-NCR for Jaypee Infratech lenders
Suraksha Group has taken control of Jaypee Infratech Ltd, allocating 2,552 acres of land for lenders. The group is focusing on completing 20,000 pending flats in Delhi-NCR. They have invested Rs 125 crore as equity and arranged a Rs 3,000 crore loan. Construction on several stalled towers has resumed.
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Thu, Aug 29, 2024
The Economic Times
Suraksha Group puts Rs 250 cr in Jaypee Infratech, gets Rs 3K cr loan facility to complete 20K flats
Suraksha Group invested Rs 250 crore in Jaypee Infratech and arranged a Rs 3,000 crore loan following its acquisition. With Rs 1,250 crore in funds, the group aims to complete 20,000 unfinished flats in Delhi NCR, accelerating construction activities and awarding contracts to various companies.
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Sun, Aug 25, 2024
Business Standard
Suraksha Group invests Rs 250 cr in Jaypee Infratech, secures Rs 3K cr loan
Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a Rs 3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Around Rs 1,000 crore cash is lying in the balance sheet of the Jaypee Infratech Ltd, which the bankrupt company has accumulated from real estate business and toll income of Yamuna Expressway that connects Greater Noida and Agra. According to sources, Suraksha Group has infused Rs 250 crore in Jaypee Infratech Ltd (JIL) as equity and debt after taking control of the latter in early June. JIL currently has Rs 1,250 crore fund, including Rs 1,000 crore internal cash and Rs 250 crore infusion from Suraksha group. That apart, Suraksha Group has also arranged a credit line of Rs 3,000 crore to ensure that there is no paucity of funds for completion of all stalled projects, they added. Sources said the Suraksha Group will require Rs 6,500-7,000 crore investme
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Sun, Aug 25, 2024