Jaypee Group has been struggling to meet its debt servicing and payment obligations for the past several quarters due to its deteriorating financial health
After the debt-ridden group raised the sale value of 21.2 mtpa cement assets to Aditya Birla Group firm UltraTech
JP Associates, HCC, J Kumar Infra, Simplex Infrastructure, Sunil Hitech, IVRCL and MBL Infra up over 5% each.
Company owes over Rs 30,000 crore to a consortium of lenders led by ICICI Bank
But sale deal with UltraTech on track