In order to reduce the bank’s exposure to the company and also lessen JAL’s debt servicing obligation to a more manageable level, ICICI took over about 275 acres, worth an estimated Rs 1,500-1,800 crore from the flagship company of the Jaypee Group, Jaiprakash Associates Ltd. In Noida & Greater Noida. Read more at http://shopsandhomes.com/blog/index.php/2016/02/icici-bank-takes-over-275-acres-from-jaiprakash-associates/
