India: ICICI Bank takes over Jaypee Group's land parcel, pegged at over $250m

India: ICICI Bank takes over Jaypee Group's land parcel, pegged at over $250m

Jaiprakash Associates has interests in engineering and construction, power, cement, real estate, hospitality and expressways. Visual from Jaypee Group website.

ICICI Bank has taken over around 275 acres, estimated to be worth Rs1,500-1,800 crore, in Noida and Greater Noida from Jaiprakash Associates Ltd, the flagship company of the Jaypee Group, says a report in The Economic Times.

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