NARCL ups offer for Jaiprakash Associates debt to Rs 12,000 crore

NARCL has increased its bid to acquire the debt of Jaiprakash Associates to ₹12,000 crore. The revised offer comes as the company's appeal against insolvency proceedings is pending. The offer involves an upfront cash payment and security receipts guaranteed by the government. Lenders are currently evaluating the offer as a potential resolution to the long-delayed insolvency case.