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Last Updated : Apr 25, 2019 06:49 PM IST | Source: Moneycontrol.com

Jaypee Infra falls 5% after NBCC revises bid

At 1219 hrs, Jaypee Infratech was quoting Rs 2.56, down 4.83 percent on the BSE.

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Shares of Jaypee Infratech plummeted nearly 5 percent intraday on April 25 after reports emerged that NBCC India has submitted a revised bid to acquire the realty arm of Jaypee Group.

According to reports, state-owned NBCC was asked to sweeten their offers, while their prime competition Suraksha group, had earlier submitted a revised bid

Details of the revised offers by NBCC and Suraksha were not immediately available.

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Adani Group has also reportedly expressed interest in Jaypee Infra. However, lenders are unlikely to seek Adani's offer until this round of insolvency proceedings gets completed, said a PTI report.

At 1219 hrs, Jaypee Infratech was quoting Rs 2.56, down 4.83 percent on the BSE.

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First Published on Apr 25, 2019 12:28 pm
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