Jaiprakash Associates Limited
Jaiprakash Associates Limited is a Noida based Construction company mainly engaged in the business of Engineering & Construction, Manufacturing of Cement, Power, Real Estate Development, Hotel/ Hospitality, Sports, etc.
What Jaiprakash files
- Others150
- Important34
- Updates6
- Results4
- Board Meeting4
- Credit Ratings1
Company sold its cement businesses in MP and UP to Dalmia Cement (Bharat) Ltd for INR 2,850 Crores. This transaction settles all ongoing disputes and differences between the companies.
Jaiprakash Associates' resolution plan implemented: existing equity and preference shares cancelled for zero value, new shares worth ₹1 Cr issued to Adani Infra. Assets sold to Adani group. Company is now delisted, and a new board appointed. Major ownership restructuring.
JAL advances its resolution plan, selling assets worth INR 5,693.59 Cr to Adani entities. It allotted INR 24,941.83 Cr in unsecured NCDs to creditors and approved INR 1 Cr equity issuance to Adani Infra.
Jaiprakash Associates has entered agreements to sell its 180 MW thermal power plant, stake in Prayagraj Power, JPVL, and Jaypee Fertilizers to Adani Power and Adani Ports. Total consideration from these asset sales is approximately INR 5,694 Cr, implementing its resolution plan.
Jaiprakash Associates: Executive Director Manoj Gaur surrendered after his interim bail expired, stemming from an ongoing investigation. This is a significant legal update for the company.