Promoter submits â¹10,000cr revival plan for Jaypee Infratech
Jaypee Group promoter Manoj Gaur has reportedly made a â¹10,000 crore offer to pay off loans and finish the housing projects of Jaypee Infratech, which is going through insolvency proceedings. The offer includes paying part of â¹9,800 crore debt and giving banks an equity stake. The offer is over 25% higher than the best bid made for the company.