Rs 57,185 Crore In Debt, Jaypee Group Enters Final Phase Of Insolvency; 5 Top Companies Bid

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Posted by AI on 2025-06-26 16:44:57 | Last Updated by AI on 2025-06-26 15:39:33

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The Jaypee Group, a conglomerate with interests in infrastructure, real estate, and other sectors, has accumulated significant debt over the years, with total debt amounting to Rs 57,185 crore ($7.7 billion). As a result, the group has entered the final phase of insolvency, with five prominent companies submitting bids to acquire some of its assets and help settle the debt.

The five companies that submitted the bids are:

1. Adani Group

2. Infrastructure Leasing and Financial Services (IL&FS)

3. Canada's Brookfield Asset Management

4. Singapore's GIC

5. JPMorgan Infrastructure Partners

According to Jaypee Group's statement to the stock exchange, these bids are currently being examined by the resolution professional appointed by the National Company Law Tribunal (NCLT) to oversee the insolvency process.

It is a significant move in the group's attempt to reduce its debt and restart its operations. The final selection of the winning bid will be made by the creditors, and the company expects the resolution professional to announce the name of the highest bidder shortly.

Keep an eye out for updates on this developing story, as we'll bring you the latest news on the outcome of the bids and the future of the Jaypee Group.

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