icici bank shares: ICICI Bank to get Jaiprakash Associates' 7.71% equity as latter's payment obligation
Jaiprakash Associates is the flagship company of the Jaypee Group which is engaged in engineering & construction (E&C), cement, hospitality & real estate businesses. JAL is also the holding company for various subsidiaries engaged in cement, power, real estate and other diversified business activities.
Source: indiatimes.com