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 reports consolidated net loss of Rs 245.92 crore in the September 2023 quarter
 ( Results - Announcements 10-Nov-23   07:44 )
  Jaiprakash Associates to declare Quarterly Result
 ( Corporate News - 23-May-23   14:05 )
  Board of Jaiprakash Associates appoints director
 ( Corporate News - 02-Nov-20   09:19 )
  Jaiprakash Associates Ltd leads losers in 'A' group
 ( Hot Pursuit - 14-Sep-23   15:00 )
  Jaiprakash Associates reports standalone net loss of Rs 307.37 crore in the March 2020 quarter
 ( Results - Announcements 28-May-20   08:10 )
  Jaiprakash Associates reports standalone net loss of Rs 350.23 crore in the March 2019 quarter
 ( Results - Announcements 29-May-19   16:45 )
  Hexaware Technologies Ltd leads losers in 'A' group
 ( Hot Pursuit - 24-Aug-18   15:00 )
  Jaiprakash Associates to discuss results
 ( Corporate News - 01-Aug-22   16:06 )
  Jaiprakash Associates jumps on bargain hunting
 ( Hot Pursuit - 12-Mar-18   15:09 )
  Jaiprakash Associates to hold AGM
 ( Corporate News - 12-Sep-16   14:56 )
  Lakshmi Machine Works Ltd leads losers in 'A' group
 ( Hot Pursuit - 31-Oct-19   15:00 )
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