In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR.
The takeover follows
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As part of a 2008 personnel deal, Singh had been receiving nearly 41 lakh every quarter as pension since May 2009, first from Daiichi and later from Sun Pharma, which acquired Ranbaxy Laboratories from the Japanese firm in 2014 in a share-swap deal.