JP associates share tank 5% as company defaults on loan payments
Jaypee Group’s flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of the principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to … Read more