Jaypee Infra lenders find little comfort in bidders’ land offer
“Now with the SC disallowing the use of this money by NBCC, it remains to be seen how the company arranges the money. Both the bids opened today have no cash component. NBCC is offering lenders land and some equity in the Yamuna Expressway project while Suraksha is offering us only land,” said a person familiar with the plan.