JP Associates
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 »
If Indian companies have not used the loans they raised for expansion projects, then where has it all gone is a matter to understand. While a prolonged economic slowdown has brought new investments to a standstill, it has increased the working capital requirement of some companies quite substantially. In sectors where a large amount of [...] Continue Reading »
Qualified institutional placement(QIP) entrails selling equity instruments to institutional investors. This route is now taken by many companies to raise funds primarily to repay debts and solve the liquidity crunch for the stalled projects. Two infrastructure companies, GMR Infrastructure and JP Associates, hit the capital markets on Wednesday to raise a total of $550 million (around [...] Continue Reading »
The analysts are uncertain about monetization of the assets. The JP Associates has surprised the Street with over four asset monetisation (sale) deals over the past 12 months. Thanks to these deals, the company is able to reduce its debt by Rs 15,940 crore. Before this the JP associates announced a deal involving sale of its [...] Continue Reading »
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »
