Jaiprakash Associates

03 & 04.09.17 Chhattisgarh (CGPCS) Current Affairs

CHHATTISGARH   ·               Jaypee plans to raise Rs 2k cr, to sell Bhilai Jaypee Cement.   ð Debt-ridden Jaiprakash Associates  said its proposed sale of entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and plans to raise up to Rs 2,000 crore through sale of securities.   ð Bhilai Jaypee Cement owns 1.1 MTPA clinker plant at Satna in MP and 2.2 MTPA cement grinding Unit at Bhilai, Chhattisgarh.   ð Jaiprakash Associates has also sought shareholders nod for an enabling special resolution to raise up to Rs 2,000 ... Read more