Jaiprakash Associates Ltd
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 »
Scotching speculation suggesting that its promoters are diluting stake which resulted in nearly 19 percent dip in its share prices, Jaiprakash Associates Ltd today said small share holding disposed of by a promoter company was to meet needs of funds including for social cause. It is understood that rumours are being planted in the market [...] Continue Reading »
Large infrastructure companies such as GMR Infrastructure Ltd and Jaiprakash Associates Ltd have been quick to raise several thousands of crore rupees by selling shares to savvy financial investors, known as qualified institutional investors, in the past three months. Now, several mid-size infrastructure companies are looking to raise money through initial public offerings, or IPOs, [...] Continue Reading »
