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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
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  • Re : Jaypee Greens Wishtown, Noida

    Chill mate - who is getting worked up. I do agree you have a point of view and mine is different and thats why I say lets agree to disagree.

    Look these are mentioned in ET, Business times and other reputed sites. It quotes an official release from the purchasing company and an acceptance from the board of the other. It also mentions it as an all cash deal. I therefore feel it right to post this - especially considering how important the news is to the current context.

    You said this is not even worth discussing to which I 100% disagree.

    Its not a question of liking or disliking.

    You think this is being judgemental or condescending it is entirely your call.

    I believe this forum is a base to exchange viewpoints, information and opinion. I cannot say with certainity the deal will go thru but I 100% believe it is important/timely to discuss this as it is reported.
    Last edited November 16 2014, 09:54 PM.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by MeinSonu View Post
      Well as far as my understanding goes, there is a difference between "acquired" and "agreed to acquire". The entire statement is laced with words such as " subsequent to scheme of arrangement", "subject to terms and conditions", " proposed" etc. So therefore there is no difference between this so called agreement and previous announcement with reliance. Of course valuation is a big ticket item but the fact that the entire deal is subject to terms and conditions. It simply means that lot of haggling still has to go on between the two parties.

      I will be happy if sight the money in these news report. But my reading of these reports is that there is just not enough assurance that money will come into the company. Just one of those press releases that we read daily in newspaper.

      In my experience, until we see a headline "JSW acquires..." instead of "JSW agrees to acquire...", its not even worth discussing
      In this sale very little money comes into JP. The asset being sold carries its own massive long term debt. So if you sell for 14000 crore and debt of the power plant is say 13000 crore then JP gets just 1000 crore in hand (not actual figure just illustration). But group debt reduces from say 60000 crore to 47000 crore because they sold off 13000 crore of debt.

      If they sell off all their cement and power plants their debt can become zero in this way. But greed to remain a big company is making them not sell off aggressively. Greed is the main problem.
      Venky (Please read watch a or before posting)

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      • Re : Jaypee Greens Wishtown, Noida

        Guys, any comments or info about what has been posted in another thread on this forum. Take a look at following

        https://www.indianrealestateforum.co...760#post126760

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Venkytalks View Post
          In this sale very little money comes into JP. The asset being sold carries its own massive long term debt. So if you sell for 14000 crore and debt of the power plant is say 13000 crore then JP gets just 1000 crore in hand (not actual figure just illustration). But group debt reduces from say 60000 crore to 47000 crore because they sold off 13000 crore of debt.

          If they sell off all their cement and power plants their debt can become zero in this way. But greed to remain a big company is making them not sell off aggressively. Greed is the main problem.
          I agree. But the reduction of debt will give some room in terms of leverage on balance sheet, may also improve credit agency ratings and thus access to cheaper funds and free up a few assets for further mortgaging if required. I think access of cheaper funds will have a positive impact on our wish town bhai. At least that's what I think. These sales are extremely important for my small flat that I am so waiting for.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by ThePunjabi View Post
            Guys, any comments or info about what has been posted in another thread on this forum. Take a look at following

            https://www.indianrealestateforum.co...760#post126760
            It might be me - on tapatalk - but the link you put takes me to the Pune forum where a project is being discussed - is that what you wanted feedback on?

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by MeinSonu View Post
              I agree. But the reduction of debt will give some room in terms of leverage on balance sheet, may also improve credit agency ratings and thus access to cheaper funds and free up a few assets for further mortgaging if required. I think access of cheaper funds will have a positive impact on our wish town bhai. At least that's what I think. These sales are extremely important for my small flat that I am so waiting for.
              Jaypee associates net revenue is around 12000 cr. Imo a majority must be going in debt/interest payment. So even if no money comes directly to jaypee still it will brighten off the liquidity situation indirectly by saving interest payment.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by dineshsays View Post
                It might be me - on tapatalk - but the link you put takes me to the Pune forum where a project is being discussed - is that what you wanted feedback on?
                This is on Gurgaon bubble burst thread.

                Originally posted by MANOJa View Post
                DLF & Unitech might survive, but JP looks all set to go down . Have heard that there is some dispute in the family & some family members r looking at the option of partition in the Business ( News is still unconfirmed, but through one reliable source - hectic negotiations r going on currently, so things r pretty fluid, as per the source ) .

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                • Re : Jaypee Greens Wishtown, Noida

                  Lot of respect for Manoj. Guess he must have some deep inside info.

                  But even if there is disagreement, will that tantamount to going down.

                  Infact in the same post there is talk of partition in the business - I dont know if he means it in that context that Jaypee will be split up.

                  Well lets see what comes out of Manoj's source, hope he keeps us posted.

                  What I know:

                  - recently JPSI actual merged BACK into JPA (google it)
                  - 9+k CR deal apparently announced
                  - JPA made net loss of 100 Cr this quarter owing to higher finance costs (servicing debt)
                  -JP infra made net profit of 115 Cr
                  - JP power had a PAT of nearly 300 Cr

                  NTPC has expressed desire to buy JPs thermal assets

                  Small block sales are continuing in WT and Sports City

                  I dont think the company is anywhere near going down. Ultimately all assets outweigh all debt currently and they are doing the right thing in trying to get to manageable debt levels.

                  But like I said Manoj is probably the most respected member of this forum - he must have some good reason for believing JP is finished. We will wait for him to confirm back

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by rahulkumar12 View Post
                    Jaypee associates net revenue is around 12000 cr. Imo a majority must be going in debt/interest payment. So even if no money comes directly to jaypee still it will brighten off the liquidity situation indirectly by saving interest payment.
                    Thats exactly right.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by dineshsays View Post
                      Lot of respect for Manoj. Guess he must have some deep inside info.

                      But even if there is disagreement, will that tantamount to going down.

                      Infact in the same post there is talk of partition in the business - I dont know if he means it in that context that Jaypee will be split up.

                      Well lets see what comes out of Manoj's source, hope he keeps us posted.

                      What I know:

                      - recently JPSI actual merged BACK into JPA (google it)
                      - 9+k CR deal apparently announced
                      - JPA made net loss of 100 Cr this quarter owing to higher finance costs (servicing debt)
                      -JP infra made net profit of 115 Cr
                      - JP power had a PAT of nearly 300 Cr

                      NTPC has expressed desire to buy JPs thermal assets

                      Small block sales are continuing in WT and Sports City

                      I dont think the company is anywhere near going down. Ultimately all assets outweigh all debt currently and they are doing the right thing in trying to get to manageable debt levels.

                      But like I said Manoj is probably the most respected member of this forum - he must have some good reason for believing JP is finished. We will wait for him to confirm back
                      There is some element of truth in there as far as family management is concerned. But that doesn't mean group is going down... They have been a very resilient business owners and in 80s they weathered serious setbacks and again in 2000s they had done really well to come out on top. I think they still have a solid DNA.

                      One thing I would like to highlight is they are seriously considering to not continue in real estate except for hospitality business. It is a good and bad both for WT... Good that they will monetize the land bank as much as possible (there is grapevine that they have already hived off abt 1000cr in WT and Yamuna sports city) but at the same time they may not be keen on building lasting RE brand say like DLFs or Lodha. Still expect them to push WT completion in upcoming qtrs especially Q4.

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