Get latest articles and stories on Latest News at LatestLY. Jaiprakash Associates on Tuesday reported a consolidated net loss of Rs 476.12 crore in the third quarter of this fiscal year. Latest News | Jaiprakash Associates Net Loss Widens to Rs 476 Crore in October-December.
In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company has on October 31 defaulted on repayments of a principal amount of Rs 1,733 crore and interest of Rs 2,525 crore.
Jaiprakash Associates Ltd (JAL), the flagship company of the crisis-hit Jaypee Group, has disclosed a default on loans amounting to Rs 4,258 crore, including both principal and interest, in a regulatory filing.
Jaiprakash Associates: The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).