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Jaiprakash Associates News
Jaiprakash Associates re-appoints Manoj Gaur as Exec Chairman, CEO for 3 yrs
Sun, Mar 17, 2019
Debt-ridden Jaiprakash Associates Ltd (JAL) Saturday said its board has approved the re-appointment of its promoter Manoj Gaur as Executive Chairman and CEO for 3 years with effect from April 1.
Jaiprakash Associates posts Rs 285 cr loss for Q1 FY19
Mon, Jul 30, 2018
Debt-ridden Jaiprakash Associates Ltd (JAL) today reported a standalone net loss of Rs 285.02 crore for the first quarter of this financial year. Its net profit stood at Rs 764.99 crore in the year-ago period, the company said in a regulatory filing
Rakesh Jhunjhunwala changes portfolio; These stocks got Big Bull's thumbs up; reason to buy?
Fri, Jul 20, 2018
Rakesh Jhunjhunwala portfolio: Among 29 stocks where Rakesh Jhunjhunwala holds over 1 per cent stake, three saw his holdings go up. These include Lupin, NCC and Jaiprakash Associates.
Jaiprakash Associates to appeal against NCLT order
Sun, May 20, 2018
Crisis-ridden Jaiprakash Associates Ltd (JAL) has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary Jaypee Infratech, while declaring the transfer of the land as "fraudulent" and "undervalued"
SC asks Jaiprakash Associates to deposit Rs 1,000 crore by June 15
Wed, May 16, 2018
Lawyer Anupam Lal Das, appearing for JAL, said its proposed revival plan for JIL ought to be considered afresh by the Committee of Creditors (COC). "We have proposed the best revival plan and the liquidation of JIL is neither in the interest of creditors, nor in the interest of home buyers," he said. The firm has proposed to offer 2,000 equity shares of JIL, the company facing the insolvency proceedings, to each home buyer as part of its Rs 10,000-crore proposal to revive it, he added.
Jaiprakash Associates case: Big relief for homebuyers, Supreme Court orders firm to deposit Rs 200 crore, sets deadline
Wed, Mar 21, 2018
Jaiprakash Associates case: The chief justice also expressed concern for the Jaiprakash Associates homebuyers and said that the court wants to help them in getting their flats or in getting their money back. It may be noted that the amount would be distributed among the home buyers seeking refund on pro rata basis. The court also stayed all notices for demands raised by the developers to the home buyers seeking refund of their money.
Government mulls action against cement companies for cartelisation: Report
Fri, Mar 09, 2018
The Competition Commission of India had imposed a fine on 10 cement companies and a trade body for price fixing in 2016. ACC Ltd, Ambuja Cements Ltd, Ultratech Cement Ltd and Jaiprakash Associates Ltd were among those which were fined.
Supreme Court keeps ban on Jaiprakash Associates asset sales
Wed, Jan 10, 2018
The court last year moved to protect the homebuyers` interests, asking the builder to deposit Rs 20 billion with it and also barred from sale of assets
Supreme Court restrains directors of JAL from alienating properties
Wed, Nov 22, 2017
A bench headed by Chief Justice Dipak Misra accepted a demand draft of Rs 275 crore submitted by the real estate firm today and directed it to pay another two tranches of Rs 150 crore and Rs 125 crore respectively by December 14 and 31.
Relief for Homebuyers; SC asks Jaypee to deposit Rs 1,000 crore by next week
Tue, Nov 07, 2017
32,000 homebuyers have been sitting with baited breath after when its developer turned defaulter against loan amount Rs 526.11 crore from IDBI Bank.
Jaypee Homebuyers: Jaiprakash Associates wants to sell Yamuna Expressway for Rs 2,500 crore
Fri, Oct 13, 2017
The court was told that the company had a prospective buyer who was willing to pay Rs2,500 crore for the project.
Does the new SC order brings respite for Jaypee Infratech's homebuyers?
Mon, Sep 11, 2017
Interim resolution professional Anuj Jain has been asked to provide a solution within 45 days to protect the interest of homebuyers and creditors of Jaypee.
Jaiprakash Associates completes sale of cement unit to Ultratech; shares up 14%
Thu, Jun 29, 2017
Jaiprakash Associates has completed the sale of part of its cement business to Ultratech Cement at an enterprise value of Rs 16,189 crore.
Home buyers hold protest against Jaiprakash Industries in Noida, FIR lodged
Sun, Apr 16, 2017
Devender Yadav, who was leading the association of Jaypee Wish Town investors, told IANS that the assurance by a senior police official came after after the huge protest since early morning.
CCI's penalty on cement companies to impact their profits
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
ACC, Ambuja, Shree Cement to file case against CCI's order
Fri, Jan 20, 2017
On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.
Sensex, Nifty trade in green as US election looms
Thu, Nov 03, 2016
Indian markets turned green at open on Thursday. BSE Sensex was trading at 37 points up on 9:37 am and Nifty was up 0.18% at 9:36 am.
UltraTech agrees to buy JP Associates' cement plants for nearly Rs 16,000 crore
Mon, Jul 04, 2016
UltraTech Cement, an Aditya Birla Group company, has agreed to acquire Jaiprakash Associates' cement plants of 21.2 million tonnes per annum (MTPA) capacity at an enterprise value of Rs 16,189 crore.
Value of M&As involving Indian companies jumps 63% to $7.8 billion in Q1
Wed, May 04, 2016
Out of the total transactions announced in the three months ended March this year, 67% were domestic ones.