On Tuesday, three Jaypee group stocks took the Street by surprise. Jaiprakash Associates Ltd jumped by 27.97% in intraday trading, reacting to news that the sale of its cement business to Aditya Birla Group-owned UltraTech Cement Ltd has finally been approved by the companies’ boards. Even group firms Jaypee Infratech Ltd and Jaiprakash Power Ventures Ltd surged by 15.85% and 10.37%, respectively.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
