Mumbai: ICICI Bank on Thursday said that a lenders consortium led by it has concluded the biggest asset resolution in the country with consummation of the Rs16,189 crore takeover of Jaypee Cement by Ultratech. ICICI Bank was the lead bank in the lenders’ consortium and played a “significant role” in the sale process, Kochhar said. “ICICI Bank has played a significant role through this entire process, enabling successful completion of this transaction,” she said. Announcement comes a week within banks clearing the Rs 86,000 crore Rosneft-Essar Oil deal which will also help banks. The ICICI Bank scrip closed 0.95% up at Rs 293.70 on the BSE, whose benchmark ended the session with a marginal gain of 0.08%.

Source: Mint June 29, 2017 13:07 UTC