Loan: JAL will offer 7.7% stake to ICICI Bank worth 366crore
NEW DELHI: Crisis-hit Jaypee Group‘s flagship firm Jaiprakash Associates (JAL) will give 7.7% stake, worth Rs 366 crore at current market price, in the company to ICICI Bank to clear part of the outstanding loan.According to sources, ICICI bank has an exposure of around Rs 3,000 crore in JAL, which is into many businesses, including … Read more