Yeida to meet UP officials on Dec 5 to decide fate of stalled Jaypee Sports City

The Yamuna Expressway Industrial Development Authority (Yeida) will meet Uttar Pradesh government officials on December 5 in Lucknow to discuss unresolved issues surrounding the Jaiprakash Associates Limited (JAL) Sports City project, officials aware of the development said on Monday. File Photo-Greater Noida , India – May 01: The Yamuna Expressway industrial development authority (YEIDA) on […]

JP Power shares surge 17% as Adani’s bid for Jaypee Group gets lenders’ approval| Business News

Shares of Jaiprakash Power Ventures surged on Wednesday amid reports that Adani Enterprises Ltd. has been chosen to acquire Jaiprakash Associates Ltd. under the insolvency process. Jaiprakash Power Ventures is part of the Jaypee Group led by Manoj Gaur. (HT) JP Power’s share price rose as much as 17.29% to ₹20.69 on the BSE even […]

Adani Enterprises chosen to acquire Jaypee Group despite offering less than Vedanta| Business News

Creditors of Jaiprakash Associates Ltd., commonly known as Jaypee Group, have unanimously backed Adani Enterprises Ltd.’s ₹13,500-crore takeover proposal under the insolvency process, preferring it over a higher bid by Vedanta Ltd. Adani Group Chairman Gautam Adani. Vedanta’s bid for Jaypee Group (Jaiprakash Associates) entailed a five-year payment timeline, significantly longer than the 1.5-2 years […]

ED arrests former Jaypee Infratech MD in ₹14,599 crore ‘scam’ case involving homebuyers

The Enforcement Directorate has arrested Manoj Gaur, Managing Director of a real estate firm Jaypee Infratech Ltd, in connection with a money laundering probe linked to an alleged ₹14,599 crore fraud involving homebuyers, PTI reported on November 13. The Enforcement Directorate has arrested Manoj Gaur, MD of realty company Jaypee Infratech Ltd, in a money […]