News about Jaiprakash Associates Limited
November 28th, 2007
The media had reports that Jaiprakash Associates Limited may acquire Bina Power (BPC) in Madhya Pradesh.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Jaiprakash Associates Limited has vide its letter inter-alia stated,”We wish to inform the Exchange that in an expanding organization like ours, exploring new business opportunities is a continuous process. As a sequel to this effort, we keep examining various proposals including the one referred. The Stock Exchanges will be informed if and as soon as the proposal gets crystalised.”
Entry Filed under: Equity Markets, NSE, Infrastructure
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