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Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL, ET RealEstate

SBI-led lenders seek RBI approval to transfer JALs ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JALs units amid ongoing litigations.
Uttar Pradesh Jayswal Neco Jaypee Infratech Buddh International Race Circuit National Company Law Tribunal Manoj Jaypee Group

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JP Associates shares slump 7%; here's what tech charts hint at

JP Associates share price: The stock plunged 7.34 per cent to trade at Rs 20.93 in Monday's trade. It was last seen trading 3.85 per cent lower at Rs 21.72. At this price, the scrip has slipped 20.06 per cent from its one-year high price of Rs 27.17, a level seen earlier this year on February 12.
Ravi Singh Jigars Patel Jaypee Group Jaiprakash Associates Jp Technical Research Analyst At Anand Rathi Retail Research At Religare Broking

Jaiprakash Associates shares dive 23% in 5 sessions; here's what analysts say

Jaiprakash Associates share price: The crisis-hit Jaypee Group's flagship firm has recently executed a non-binding term sheet for restructuring of bonds. JP Associates has posted a consolidated net loss of Rs 476.12 crore in the third-quarter of this fiscal year (Q3 FY24). Its net loss stood at Rs 314.51 crore in the year-ago period and Rs 248.09 crore during the previous quarter.
Ravi Singh Jigars Patel Shiju Koothupalakkal Technical Research Analyst At Anand Rathi Technical Research Analyst At Prabhudas Lilladher Jaiprakash Associates Ltd

Flats not delivered on time, years of litigation: Jaypee homebuyers remain stuck in limbo

Flats not delivered on time, years of litigation, mounting expenses — for buyers who purchased flats in Jaypee’s housing projects, their dreams of a home have turned into a nightmare. While another firm was brought on board to take over construction, the finish line is far from close. What went wrong? Dheeraj Mishra finds out
Uttar Pradesh India General Aalok Dave Kuldeep Verma Nagar Noida Abhinav Saha

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