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Board of Jaiprakash Associates consent to scheme of demerger

Capital Market 

At meeting held on 07 October 2017

The Board of at its meeting held on 07 October 2017 has approved scheme of demerger of identified assets and liabilities/ undertaking approved by the Joint Lenders' Forum into wholly owned subsidiaries (SPV) of the Company subject to approval of statutory and other authorities and sanction of the said scheme by the Hon'ble National Company Law Tribunal, Ahmedabad.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 08:15 IST