Jp Associates Promoter Stake Sale
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JP Associates Recovers 5% After Falling Over 30% in Four Days
JP Associates had a debt of over Rs 60,000 crore as of June 30, 2014. Servicing the debt has become a challenging task for the company. JP Associates has an interest coverage ratio of below 1. This indicates that the company is not able to service its debt with the cash it generates from its business.
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Jaiprakash Associates Falls Most in 5-1/2 Years
Jaiprakash clarifies in a statement that one of its promoters reduced its stake in the company to 28.30 per cent from 29.75 per cent.
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JP Associates Recovers 5% After Falling Over 30% in Four Days
JP Associates had a debt of over Rs 60,000 crore as of June 30, 2014. Servicing the debt has become a challenging task for the company. JP Associates has an interest coverage ratio of below 1. This indicates that the company is not able to service its debt with the cash it generates from its business.
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Jaiprakash Associates Falls Most in 5-1/2 Years
Jaiprakash clarifies in a statement that one of its promoters reduced its stake in the company to 28.30 per cent from 29.75 per cent.
