ICICI Bank led consortium of banks concludes the largest asset resolution in the country
Today the sale process of the cement business of Jaiprakash Associates Ltd. (JAL) and Jaypee Cement Corporation Limited (JCCL) to UltraTech Cement Ltd. has been concluded. This transaction is valued at Rs. 16,189 crore With this sale, part of the debt of JAL and JCCL has been transferred from a stressed account to a AAA …