The stock slipped further to a low of Rs 233 and finally closed near the day's low at rs 234 - down 6.3%. Around 32.29 million shares were traded on the BSE today.
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(Updated at 1220 hrs)
Jaiprakash Associates has dropped sharply in trades today after news of treasury stake sale.
The stock opened at Rs 248 and slipped 6.5% to touch a low of Rs 234. The stock is now trading down 5% at Rs 238. The counter has clocked hefty volumes of 28.61 million shares on the BSE.
According to reports, the company has sold 4 crore treasury shares at Rs 238.50. They have managed to raise Rs 954 crore.
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