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In March this year, a bankruptcy court had approved Suraksha Asset Reconstruction Cos (ARC) takeover of the debt-laden property and infrastructure company Jaypee Infratech, dismissing three different appeals against the Rs 7,936- crore resolution bid and rekindling hopes of about 20,000 homebuyers waiting for possession of their promised apartments for nearly a decade.
Jaiprakash Associates share price: The stock jumped 9.94 per cent to hit a day high of Rs 19.35. At this price, the stock was 7.81 per cent away from its 52-week high of Rs 20.99, a level seen last week on November 16. That said, the counter has given multibagger returns by rallying 194.96 per cent from its one-year low price of Rs 6.56, hit on March 27, 2023.
ICICI Bank issues invocation of Jaiprakash Associates shares
Jaiprakash Associates (JAL), a subsidiary of Jaypee Group, will give a 7.7% stake worth Rs 366 crore to ICICI Bank to settle part of its outstanding l