Jaiprakash Associates Advances in Insolvency Resolution with Key Approvals

The latest update is out from Jaiprakash Associates Limited ( (IN:JPASSOCIAT) ).

Jaiprakash Associates Limited, currently undergoing a Corporate Insolvency Resolution Process, announced the approval of key resolutions in its eleventh Committee of Creditors meeting. The resolutions include authorizing the Resolution Professional to invite bids for investments in Jaiprakash Power Ventures Limited and Jaypee Fertilizers and Industries Limited, as well as facilitating the registration of 154 units of Jaypee Greens, Wishtown, Noida. These steps aim to manage the company’s assets and liabilities effectively, potentially impacting its financial restructuring and stakeholder interests.

More about Jaiprakash Associates Limited

Jaiprakash Associates Limited operates in the construction and engineering industry, focusing on infrastructure development, cement production, and real estate. The company is known for its involvement in large-scale projects and has a significant presence in the Indian market.

YTD Price Performance: -45.77%

Average Trading Volume: 2,135,270

Current Market Cap: 8.35B INR

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