After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

Hours after getting the government approval for its revised offer to acquire troubled realty firm Jaypee Infratech, state-owned NBCC Ltd on Wednesday asked the court-appointed resolution professional to reconsider its bid and asserted it is prepared to take all necessary steps to protect its interest.

The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government. The lenders had approved voting on a rival bid from Mumbai-based Suraksha Realty, backed by Sudhir Walia of Sun Pharma group.

Gujarat-based conglomerate Adani Group has also expressed interest in bidding for the realty