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JAIPRAKASH ASSOCIATES LTD. - Jaiprakash Associates Ltd reply to clarification sought by the exchange
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17 Oct 2014
The Exchange has sought clarification from Jaiprakash Associates Ltd with respect to news article appearing in The Economic Times on October 17, 2014 titled &quot;Jaypee may sell Bhilai unit to Shree cement.&quot;&lt;br/&gt;&lt;br/&gt;Jaiprakash Associates Ltd replied stating &quot;Please note that we have not issued any press release on the subject. The news item referred to by you is based on market speculations and the Company does not comment on market speculations. &lt;br/&gt;&lt;br/&gt;While on the subject we may add here that, as already announced on various occasions, with a view of enhance the stakeholders&apos; value, the Company has its firm resolve to reduce its debt including through disposal of some of its assets/investments. &lt;br/&gt;&lt;br/&gt;We would promptly inform you of any event/information that may be having a bearing on the operation/ performance of the Company.&quot;
View all announcements for JAIPRAKASH ASSOCIATES LTD. Source: BSE India