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Jaiprakash Associates Faces Legal Challenge Over Land Allotment

Story Highlights
  • Jaiprakash Associates is in a legal dispute with YEIDA over land allotment cancellation.
  • The Allahabad High Court’s order on this case may impact the company’s operations.
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Jaiprakash Associates Limited ( (IN:JPASSOCIAT) ) has provided an announcement.

Jaiprakash Associates Limited has been involved in a legal dispute with the Yamuna Expressway Industrial Development Authority (YEIDA) regarding the cancellation of a land allotment in Sector 25 under the Special Development Zone scheme along the Yamuna Expressway. The company had challenged the cancellation in the Allahabad High Court, which had previously granted a status quo on the matter. The recent update pertains to the court’s order on the case, which could have significant implications for the company’s operations and its real estate development plans in the region.

More about Jaiprakash Associates Limited

YTD Price Performance: -33.81%

Average Trading Volume: 1,095,502

Current Market Cap: 10.7B INR

Learn more about JPASSOCIAT stock on TipRanks’ Stock Analysis page.

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