India: Lenders, homebuyers okay NBCC's bid to buy Jaypee Infratech

The agony of thousands of homebuyers of various projects of the bankrupt Jaypee Infratech Limited may end soon after a week-long voting process threw up NBCC Limited as an overwhelming favourite to complete the under-construction assets. Pitted against a consortium of Suraksha Realty Limited and Lakshdeep Investments and Finance Private Limited, the state-owned company secured 97.36% of the votes that had 13 lenders and over 12,000 homebuyers participating in the exercise.