Corporate News     06-Feb-23
Jaiprakash Associates update on divestment process in terms of framework agreement
Jaiprakash Associates announced that in line with the continuing endeavor of Jaypee Group's resolve to reduce its debt, in terms of the Framework Agreement dated 12 December 2022, the Company and its subsidiaries have today signed the Definitive Agreement with Dalmia Cement (Bharat) (DCBL) in respect of cement capacity of 5.2 Million Tonne Per Annum (MTPA), clinker grinding capacity of 3.3 MTPA and Thermal Power Plants (TPP) of aggregate capacity of 280 MW (which includes transfer of 180 MW TPP to a SPV of which 57% stake shall be held by DCBL).

Thus, by now, the Definitive Agreements for an Enterprise Value of Rs.3,230 crore stand executed and process for the remaining part of the divestment as envisaged under the Framework Agreement dated 12 December, 2022 with DCBL is in progress.

Previous News
  Jaiprakash Associates update on divestment process in terms of framework agreement
 ( Corporate News - 06-Feb-23   09:40 )
  Jaiprakash Associates reports consolidated net loss of Rs 309.28 crore in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   16:57 )
  Board of Jaiprakash Associates decides to divest its cement biz
 ( Corporate News - 10-Oct-22   09:20 )
  Dalmia Bharat to acquire Jaypee Group's cement plants for Rs 5,666 cr
 ( Hot Pursuit - 13-Dec-22   09:29 )
  JBM Auto Ltd leads losers in 'A' group
 ( Hot Pursuit - 07-Jun-24   15:00 )
  Jaiprakash Associates allots 46.56 lakh equity shares on conversion of FCCBs
 ( Corporate News - 25-Jun-21   18:47 )
  Jaiprakash Associates Ltd leads gainers in 'A' group
 ( Hot Pursuit - 02-Aug-19   12:00 )
  Jaiprakash Associates allots 1.17 cr equity shares on conversion of FCCBs
 ( Corporate News - 18-Feb-21   14:39 )
  Jaiprakash Associates reports standalone net loss of Rs 602.95 crore in the June 2016 quarter
 ( Results - Announcements 10-Sep-16   17:56 )
  Jaiprakash Associates Ltd leads gainers in 'A' group
 ( Hot Pursuit - 30-Oct-23   12:00 )
  Jaiprakash Associates to discuss results
 ( Corporate News - 23-May-22   11:39 )
Other Stories
  Share India Securities allots 16.92 lakh equity shares on conversion of warrants
  06-Jul-24   13:11
  Tinna Trade raises Rs 49 cr to fund its growth plans
  06-Jul-24   11:10
  Integra Essentia announces merger with G G Engineering
  06-Jul-24   11:05
  Ugro Capital to raise Rs 75 cr via NCD issuance
  06-Jul-24   10:58
  Board of D.P. Abhushan approves preferential allotment of shares and warrants
  06-Jul-24   10:50
  Life Insurance Corporation of India invest Rs 14 cr in Sri Lankan subsidiary
  06-Jul-24   10:49
  High Energy Batteries (India) to discuss results
  06-Jul-24   10:29
  Havells India schedules board meeting
  06-Jul-24   10:29
  Axis Bank announces board meeting date
  06-Jul-24   10:29
  Mastek to conduct board meeting
  06-Jul-24   10:29
Back Top