State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors.
According to sources, NBCC and Suraksha group submitted their revised bids on Monday.
Suraksha group has now offered a line of credit of Rs 3,000 crore as working capital for construction of projects as against the earlier proposal of Rs 2,000 crore, the sources said.
It has also given an undertaking that any shortfall to the dissenting creditors will be met.
NBCC is offering up to 1,903 acres of land while Surakasha group has proposed over 2,600 acres to the lenders.
