Jaiprakash Associates Ltd Share Price (JPASSOCIAT)

Jaiprakash Associates Shares Plunge 7.34% - 08 Apr, 2024

Shares of Jaiprakash Associates fell by 7.34% to trade at Rs 20.93 on Monday, slipping 20.06% from its one-year high price of Rs 27.17. The company's total borrowing is Rs 29,652 crore, repayable by 2037, against which only Rs 4,561 crore is overdue as of March 31, 2024. The stock has a negative P/E ratio of 6.09 and EPS stood at (-)1.79.

NARCL Bids for Jaiprakash Associates' Debt - 04 Apr, 2024

The National Asset Reconstruction Company has submitted a binding bid to acquire the outstanding debt of Jaiprakash Associates for approximately Rs 10,000 crore. The offer is currently being evaluated and may require RBI approval.

Jaiprakash Associates Gets Consent for Bond Restructuring - 30 Mar, 2024

Crisis-hit Jaiprakash Associates has received the consent of 92% of bondholders to restructure its foreign currency convertible bonds worth $120 million. The restructuring process will involve passing necessary resolutions by relevant bondholders and undertaking amendments to the existing trust deed related to these bonds, subject to various approvals including shareholders, RBI, and other legal authorities.

Jaiprakash Associates in Talks with NARCL for Debt Exposure Sale - 25 Mar, 2024

Lenders to Jaiprakash Associates are reportedly in talks with National Asset Reconstruction Company Ltd (NARCL) to sell their entire debt exposure of various businesses, including cement. The Dalmia-Jaypee deal awaits completion due to a separate arbitration raging between Jaiprakash Associates and UltraTech Cement. It remains to be seen if NARCL will follow through on the agreement signed between Jaiprakash Associates and Dalmia Cement.