Question
The Mumbai-based realtor Suraksha Realty is acquiring
Jaypee Infratech for a consideration of _____.Solution
A two-member principal Bench of the National Company Law Tribunal (NCLT) has cleared the acquisition of Jaypee Infratech by Mumbai-based realtor Suraksha Group.Suraksha Realty had made the winning bid of Rs 7,736 crore against government-owned NBCC (India)’s Rs 6,536 crore offer in June 2021.
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