Banks conclude biggest asset resolution with Jaypee deal
ICICI Bank on Thursday said a lenders' consortium led by it has concluded the biggest asset resolution in India with consummation of the â¹16,189 crore takeover of Jaypee Cement by Ultratech. The lenders could reportedly receive about â¹4,000 crore from the sale. "I hope this landmark transaction will pave the way for more such resolutions,â MD Chanda Kochhar said. 