Lenders have approved the Rs 16,189-crore Jaiprakash Associates - UltraTech deal which had been stuck for some time now due to valuation conflicts, reports CNBC-TV18. Sources say although the deal has been given the go-ahead, lenders led by ICICI Bank have not yet ruled out invoking strategic debt restructuring (SDR) for the Rs 30,000-crore debt on JP’s books. JP Group has been asked to look for buyers for its engineering procurement
construction (EPC), hospitality and real estate businesses.
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Investors must learn from such post and then trade so that they can earn good profit on their investment.Indiabulls Real Estate said that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs). In a filing to the Bombay Stock Exchange, Indiabulls Real Estate said that "the operations committee of the Board of Directors of the company has allotted NCDs aggregating Rs 25 crore". Subscribe to the services of epic research for experts calls.
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