By Admin 
Jayaprakash Associates Limited (Jal), the country’s well-known infrastructure and real estate company, is once again in the headlines, but this time the reason is special. Gautam Adani, Anil Aggarwal’s Vedanta and Yogguru Ramdev’s Patanjali Ayurved have shown interest to acquire this debt -ridden company. Not only this, 26 well -known companies like Torrent Power, Jindal Power, Oberoi Realty and Kotak Alternate Asset Managers are also included in this race.
57,185 crore loans of Rs. A temporary list of potential investors who are interested in buying the company. Let us know that the Allahabad bench of NCLT ordered to start the insolvency process against the company on 3 June 2024, as JAL was unable to repay its loan of Rs 57,185 crore. Is.
Why are companies so much interest?
Actually, JP Associates also have not only debt, not only debt, precious real estate and infrastructure assets. Apart from this, Noida and Greater Noida have projects like JP Greens, Vishtown and International Sports City. At the same time, there are five magnificent hotels in Delhi-NCR, Mussoorie and Agra. While Madhya Pradesh and Uttar Pradesh have four cement plants. Although they are currently closed. Apart from this, the company also has investments in subsidiary companies like limestone mines, Jayaprakash Power Ventures, Yamuna Expressway Tolting and JP Infrastructure. In view of these resources and real estate properties, this acquisition can become a big opportunity for strategic expansion for those companies which can become a big opportunity for strategic expansion for those companies, in view of these resources and real estate properties. She wants to strengthen her grip in the sector. Interestingly, JP Infratech, another JP group company, has already been purchased by the security group in Mumbai under the insolvency process. Now it has to be seen which corporate giants do JP Associates in their court and how to resolve this sinking company. As the market was closed, the company’s shares rose to 4.62 percent. However, in the last 1 month, the company’s shares see a fall of 24 per cent.
disclaimer: (Here information provided is being given only for information. It is necessary to tell here that investment in market is subject to market risks. Always consult an expert before investing money as an investor. Is.)