Jaiprakash Associates
Jaiprakash Associates has sought shareholders’ approval to give up to Rs 40,000 crore in guarantees against debt to joint ventures or associate firms. The new limit will be higher by Rs 5,000 crore. It is proposed to take a general approval of shareholders of the company to give any loan/guarantee or to provide security in [...] Continue Reading »
The Jaiprakash Group which is selling its entire hydropower portfolio to the Anil Ambani’s Reliance Power is determined to bounce back in the sector by building up to 5,000 MW of new capacity and also aims to rise to the top league of the real estate business by building seven smart cities and completing 300 [...] Continue Reading »
Indian companies, especially those engaged in infrastructure development of the country, have been busy reducing their debt burden. Many companies have sold off their assets to clear off debts as this has helped them in cleaning up their balance sheets. This has resulted in the improvement of the debt-equity ratios of the companies. The banks have [...] Continue Reading »
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »
After several failed attempts with different players, Jaiprakash Associates reportedly have got Irish building materials group CRH Plc. enter into India with them. As per reports the Irish group has entered the fray to buy Jaiprakash Associates’ cement plants in Gujarat and Andhra Pradesh. Jaiprakash Associates, a diversified Delhi-based conglomerate with interests in cement, power, [...] Continue Reading »
