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Jaiprakash Associates Limited ( (IN:JPASSOCIAT) ) has provided an update.
Jaiprakash Associates Limited has notified the stock exchanges that its Executive Director, Manoj Gaur, who was arrested in connection with an Enforcement Directorate investigation under the Prevention of Money Laundering Act involving Jaypee Infratech Ltd. and Jaiprakash Associates Ltd., has been granted interim bail. The company said Gaur has been released for 14 days on interim bail by an order of the Additional Sessions Judge-7 at Patiala House Courts, New Delhi, and formally requested the exchanges to take this development on record, a step that may ease immediate leadership continuity concerns while the broader investigation continues.
More about Jaiprakash Associates Limited
Jaiprakash Associates Limited is an Indian infrastructure and construction company with interests spanning engineering, construction, real estate and related businesses, and its shares are listed on both BSE and the National Stock Exchange of India under the scrip name JPASSOCIAT.
Average Trading Volume: 2,255,110
Technical Sentiment Signal: Strong Sell
Current Market Cap: 7.88B INR
Learn more about JPASSOCIAT stock on TipRanks’ Stock Analysis page.