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Jaiprakash Associates rises on inking pact with Shree Cement to divest stake in BJCL

08 Jan 2016 Evaluate

Jaiprakash Associates is currently trading at Rs. 11.15, up by 0.06 points or 0.54% from its previous closing of Rs. 11.09 on the BSE.

The scrip opened at Rs. 11.15 and has touched a high and low of Rs. 11.30 and Rs. 11.13 respectively. So far 877681 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 29.45 on 04-Feb-2015 and a 52 week low of Rs. 7.95 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 12.55 and Rs. 11.03 respectively. The current market cap of the company is Rs. 2721.92 crore.

The promoters holding in the company stood at 39.38% while Institutions and Non-Institutions held 25.87% and 34.75% respectively.

In a bid to serve its Rs 40,000-crore debt, Jaiprakash Associates has reportedly entered into agreement with Shree Cement to sell stake in the 2.1-million tonne Bhilai Jaypee Cement (BJCL) for an enterprise value of Rs 2,100-2,200 crore.

Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.

JP Associate Share Price

2.41 0.00 (0.00%)
17-Mar-2026 16:59 View Price Chart
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