Jaiprakash Associates has received an approval for the Scheme of Arrangement from, High Court of Judicature at Allahabad dated October 31, 2013, the Secured and Unsecured Creditors of JCCL have in their respective meetings held on December 07, 2013, without any modification.
Further note that the High Court had in its said order dispensed with the holding of the meeting of the shareholders (both Equity and Preference) of JCCL.
Earlier, the execution of the agreement on September 11, 2013 by Jaypee Cement Corporation (JCCL), a wholly owned subsidiary of Jaiprakash Associates with UltraTech for sale of its Gujarat Cement Plant comprising an integrated 2.4 MTPA Cement Plant at Kutch and a 2.4 MTPA Cement Grinding Unit at Wanakbori, through a Scheme of Arrangement pursuant to Section 391-394 of the Companies Act, 1956.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: