No end in sight for Jaypee Group’s debt woes4 min read . Updated: 10 Mar 2016, 02:52 AM IST
Delay in servicing of debt obligations likely to go on as deal to sell cement assets could take a year to close
Mumbai: Manoj Gaur-led Jaypee Group has, over the past year, defaulted on its payment obligations on two tranches of bonds worth $350 million and analysts are of the opinion that the company’s capacity to service its debt has not improved despite efforts to sell assets and reduce debt.
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