Jaiprakash Associates to transfer certain assets and liabilities, debt to its arm

09 Oct 2017 Evaluate

Jaiprakash Associates has received an approval for transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development as part of its efforts to cut the overall borrowing of the company. The board of directors at its meeting held on October 7, 2017 has approved for the same.

Jaiparaksh Associates is a diversified infrastructure company and is engaged in segments such as engineering, construction and real estate development, manufacture and marketing of cement, hospitality and sports management.



JP Associate Share Price

17.94 -0.44 (-2.39%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.