Jaiprakash Associates Ltd. News and Updates

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Jaiprakash Associates Ltd.

12 Aug 2016

2.85

-5.00%

JP Associates fails on interest payment on NCDs totalling Rs 3.54 crore

Economic Times

Interest of Rs 35,424,246 that became due for payment in May respect of 11.80 per cent Non Convertible Debentures remains unpaid, it said in a BSE filing.

Jaiprakash Associates Ltd. has lost -22.97% in the last 1 Month

Jaiprakash Associates Ltd.

19 Jul 2016

2.85

-5.00%

UltraTech volume to rise to 91 MTPA on JP Associates units buy

Economic Times

Earlier this month, the company announced acquisition of Jaiprakash Associates' cement plants with a total capacity of 21.1 MTPA at an enterprise value of Rs 16,189 crore.

Jaiprakash Associates Ltd. has lost -83.24% in the last 1 Year

Jaiprakash Associates Ltd.

04 Jul 2016

2.85

-5.00%

Jaypee salvages UltraTech cement deal, loses control of Jaiprakash Associates

livemint

Bankers have invoked strategic debt restructuring norms to convert Jaiprakash Associates's debt to equity

Jaiprakash Associates Ltd. has lost -54.55% in the last 6 Months

Jaiprakash Associates, Jaypee Infratech shares gain 100% in last one month

livemint | 05 Jul 2016

Jaiprakash Associates Ltd.

02 Jul 2016

2.85

-5.00%

Jaiprakash Associates calls board meet as banks invoke SDR

Business Line

With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group, its flagship firm Jaiprakash Associates today said it has convened a meeting of board of direc...

Jaiprakash Associates Ltd. has lost -83.24% in the last 1 Year

Jaiprakash Associates calls board meet as banks invoke SDR

The Financial Express | 02 Jul 2016 2 more

Jaiprakash Associates Ltd.

01 Jul 2016

2.85

-5.00%

UltraTech, JP Associates claim to have deal on track

Business Standard

The transaction will help debt-heavy Jaiprakash Associates to reduce its debt, which had touched a high of Rs 60,000 crore

Jaiprakash Associates Ltd. has lost -28.03% in the last 3 Months

Jaypee Grp-UltraTech cement sale in limbo as banks invoke SDR

Economic Times | 01 Jul 2016 2 more

Jaiprakash Associates Ltd.

06 Jun 2016

2.85

-5.00%

Jaiprakash Associates' shares linger near all time lows

livemint

The fall in the share price of Jaiprakash Associates are an example of just how destructive debt can be

Jaiprakash Associates Ltd. has lost -28.03% in the last 3 Months

Jaiprakash Associates Ltd.

03 Jun 2016

2.85

-5.00%

Jaypee Group defaults on Rs 4,460 cr debt, payments

Economic Times

NEW DELHI: Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore. The Group has on a consolidated basis failed to repay Rs 2,905.6 crore in principal amount to banks and another Rs 1,558.93 crore crore in interest payments. "Overdue principal repayment of loans borrowings ... outstanding on March 31, 2016 wherein the period of delay ranges from 1 day to 269 days" include debt of Rs 2,183.17 crore on Jaiprakash Associates, Rs 688.48 crore on Jaiprakash Power Ventures and Rs 33.95 crore on Jaypee Cement, as per latest disclosures. As far as overdue interest in borrowings is concerned, it includes Rs 837.45 crore dues on Jaiprakash Associates, Rs 152.18 crore on Jaiprakash Power Ventures and Rs 63.13 crore on Jaypee Cement Corporation, according to figures disclosed by Jaiprakash Associates to the exchanges. Besides overdue interest included Rs 193.08 crore on Jaypee Infratech, Rs 3.01 crore on Jaypee Agra Vikas Ltd, Rs 308.66 crore on Prayagraj Power Generation Ltd, Rs 0.75 lakh on Madhya Pradesh Jaypee Minerals Ltd and Rs 0.67 lakh on Bhilai Jaypee Cement. Jaiprakash Associates, the group's flagship company, saw its net loss widen to Rs 3,345 crore in the last fiscal on a consolidated basis. In 2014-15, the same stood at Rs 1,735.10 crore. Earlier this year, in one of the biggest deals in the domestic cement industry, debt-ridden Jaypee Group had announced part sale of its cement business to Kumarmangalam Birla-led Ultratech for Rs 15,900 crore. The transaction will see Ultratech become...