Jaypee Infratech, Jaiprakash Associates shares fall after SCs relief to homebuyers, lenders
Share price of Jaypee Infratech is trading at lower circuit and its parent company Jaiprakash Associates has tumbled by nearly 7%.
Key Highlights:
- Jaypee Infratech hits lower circuit, Jaiprakash Associate down 7%
- Jaypee Infratech saddled with Rs 8000 crore debt
- Jaiprakash Associate to pay Rs 2000 crore on October 27
Share price of Jaypee Infratech and its parent Jaiprakash Associates faced selling pressure after the Supreme Court provided relief to its lenders and homebuyers.
Jaypee Infratech stocks were trading at lower circuit of Rs 15.20 per piece and were down 5% on BSE.
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