Question

The Mumbai-based realtor Suraksha Realty is acquiring Jaypee Infratech for a consideration of _____.

A Rs.7736 crore Correct Answer Incorrect Answer
B Rs.6523 crore Correct Answer Incorrect Answer
C Rs.8189 crore Correct Answer Incorrect Answer
D Rs.5510 crore Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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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