Jaiprakash Associates slipped in the opening session trade on the Bombay Stock Exchange (BSE) Thursday.
A day earlier, Manoj Gaur promoted Jaiprakash Associates announced that its subsidiary Jaypee Cement Corporation Limited (JCCL) entered in an agreement with Aditya Birla group company –UltraTech Cement Limited for sale of its Gujarat cement plant comprising an integrated 2.4 MTPA cement plant at Kutch and a 2.4 MTPA cement grinding unit at Wanakbori, in a Rs.3800 crores deal.
The stock opened at Rs 44.80 and is currently trading at Rs 41.90 at the BSE, down 3.4% from its previous close. A combined 21,84,490 shares have change hands on the counter so far on NSE and BSE.
