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Jaiprakash Associates shares tank 8% on cement assets sale

JP Associates share price: The stock fell as much as 7.92 per cent to hit a day low of Rs 10.81 over its previous close of Rs 11.74. A total of 46.38 lakh shares changed hands today, amounting to a turnover of Rs 5.38 core. The market capitalisation (m-cap) of the company stood at Rs 2,766.33 crore.

Dalmia Bharat to acquire Jaiprakash Associates cement assets for Rs 5,666 crore

Jaypee Group exits cement business; sells remaining plants to Dalmia Cement for Rs 5,666 crore

Jaiprakash Associates Ltd (JAL) and its group firms on Monday announced the sale of remaining cement assets to Dalmia Bharat Ltd at an enterprise value of Rs 5,666 crore and exit from the sector as part of its strategy to reduce debt.

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