NBCC gets approval of financial creditors to takeover Jaypee Infratech
19th Dec 2019

NBCC has received an approval of financial creditors to takeover debt-laden Jaypee Infratech, rekindling hopes of homebuyers finally getting their promised flats over the next 4 years. A week-long voting on the takeover proposals submitted by NBCC and Mumbai-based real estate firm Suraksha Realty ended close, with results going in favour of the state-owned firm with a overwhelming majority of 97.36 per cent favouring it.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.