MV SCIF Mauritius has bought 0.54% stake in Jaiprakash Associates for Rs 16.25 crore. It has purchased 13.16 million shares at a price of Rs 12.35 a share on the National Stock Echange (NSE).
Jaiprakash Associates (JAL) is an India-based diversified infrastructure conglomerate. JAL's business sectors include engineering and construction; manufacturing and marketing of cement; energy (power and transmission); expressways; real estate, and hospitality.