This share of Jaypee Group fell by 96% to Rs. 12, down 36% in one month

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Shares of Jaiprakash Associates Limited (JP Associates) are continuously falling. On Wednesday, the company’s shares fell 10% to Rs. 11.99 was reached. Shares of Jaypee Associates also fell sharply on Tuesday. In fact, on June 3, the National Company Law Tribunal (NCLT) accepted the bankruptcy petition of ICICI Bank and State Bank of India (SBI) against Jaiprakash Associates Ltd. Shares of Jaypee Associates have fallen nearly 96% from their all-time highs.

The company’s share fell by 96% to Rs.12
Shares of Jaiprakash Associates Limited (JP Associates) have fallen sharply over the past few years. On January 11, 2008, the shares of the company were Rs. were at 297.60. Shares of Jaypee Associates on June 5, 2024 at Rs. 11.99 has come. During this period, the company’s shares have seen a decline of about 96%. Shares of Jaypee Associates have fallen nearly 36% in the past one month. The company’s shares were priced at Rs 18.72 on 6 May 2024, which touched Rs 11.99 on 5 June 2024. In our calculations regarding reduction in shares of the company, we have not included the bonus shares given by JP Associates.

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The total debt on JP Associates is Rs. 29361 crores
ICICI Bank started insolvency proceedings in 2018 and State Bank of India (SBI) joined the process in 2022. On Jaiprakash Associates Rs. 17,700 crore debt. This loan including interest has increased to Rs 29361 crore. A consortium led by ICICI Bank, State Bank of India and IDBI Bank has given exposure to Jaiprakash Associates Limited. The consortium consists of 22 lenders. Despite the recent decline, shares of Jaiprakash Associates have gained nearly 705% in the last 4 years. Share of Jaypee Associates on June 5, 2020 was Rs. was at 1.49. Shares of the company reached Rs 11.99 on June 5, 2024.

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