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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

    Street cheers JP Group stocks as asset sales gain momentum

    By Jwalit Vyas, ET Bureau | Updated: Jun 28, 2017, 08.41 AM IST The value of JPA's non-core assets like land bank, power and cement plants are much higher than its debt.
    ET Intelligence Group: Of the 12 companies that have been pushed to bankruptcy proceedings, shares of JP g roup companies -JP Associates (JPA), Jaypee Infratech andJaiprakash Power Ventures -have been scoring fresh 52-week highs since the past few days. JPA, the group's flagship company, has been the top performer.

    The value of JPA's non-core assets including land bank, road projects, power and cement plants are much higher than its debt. Hence, the Street expects the company's debt to come down meaningfully once these assets are sold.

    The sale of the 21.1 million-tonne (MT) cement capacities to UltraTech is expected to fetch JPA `16,200 crore.The deal has received the necessary approvals from theNational Company Law Tribunal (NCLT) and Competition Commission of India (CCI) and the cash from the deal will flow into the company in July.

    In addition, the value of the 1,000 acre land bank that banks have taken control as a part of JPA's recast plan is reported to be Rs 13,000 crore.This took the Street by surprise, since land banks are usually not taken into consideration while valuing a company. Given this development, JPA's shares have risen close to 50% in five trading sessions.

    The company has another 1,500 acres of land including the Budhh International Circuit. According to two sources ET spoke to, the value of this land would be at a premium to the one taken by the banks.


    Besides, JPA has nearly 5 MT cement capacity, an engineering, procurement and construction (EPC) business which has over Rs 10,000 crore worth orders, and five five-star hotel properties in New Delhi, Noida, Agra and Mussoorie. The company also owns a fertiliser and chemical business through a wholly-owned subsidiary. It also owns theYamuna Expressway, real estate and 3,800 megawatts (MW) power capacities through Jaypee Infratech and Jaiprakash Power Ventures. Stocks of these two companies are up over 30 per cent in the last five trading sessions.

    JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

    However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

    With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

    Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by ashishew

      Klassic C2
      Thanks, have sent you a PM...

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      • Re : Jaypee Greens Wishtown, Noida

        Jaiprakash associates again up 15% today
        अल्ट्राटेक cement deal completed☺☺☺

        Where are all big bears of Jaypee????😀😀😀
        Attached Files

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        • Re : Jaypee Greens Wishtown, Noida

          Carefully planted news to hike up the share price and sell to make a killing and exit and to keep the protesters at bay by giving false hope. If they have all this money, then why the reluctance to complete WT? Could it be that it is no longer a profitable proposition?

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by Raojee View Post
            Carefully planted news to hike up the share price and sell to make a killing and exit and to keep the protesters at bay by giving false hope. If they have all this money, then why the reluctance to complete WT? Could it be that it is no longer a profitable proposition?
            See the press release today to stock exchange which is absolutely authentic n not false or planted

            Jaypee now giving clear focus to its EPC n Real estate business😄😄

            Read carefully n then comment 😀😀😀😀
            Attached Files

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              CICI Bank-led consortium complete Rs 16,189-cr Jaypee-UltraTech deal
              Updated: June 29, 2017 15:42 IST | Our Bureau


              With this sale, part of the debt of Jaiprakash Associates and Jaypee Cement has been transferred from a stressed account to a AAA rated company

              ICICI Bank on Thursday said a consortium of banks led by it has concluded the largest asset resolution in the country with the sale of cement business of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) to UltraTech Cement Ltd. This transaction is valued at Rs 16,189 crore.

              With this sale, part of the debt of JAL and JCCL has been transferred from a stressed account to a AAA rated company, India’s largest private sector bank said in a statement.

              ×
              Chanda Kochhar, MD & CEO, ICICI Bank, said, “I welcome the completion of the sale of the cement business of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) to UltraTech Cement Ltd.''

              “...This is the largest asset resolution in the country so far and I hope that this landmark transaction will pave the way for more such resolutions. It is also heartening to note that this is the largest transaction in India’s cement industry, thus far.”

              The decision to sell the cement business to reduce JAL and JCCL’s debt was taken more than a year ago. ICICI Securities was then appointed to manage the sale process.

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              • Re : Jaypee Greens Wishtown, Noida

                Now after n deal n debt restructuring exercise what jaypee is left with:-

                1.10.6Million MT cement plants
                2.1500 acres of land in jaypee sports city along with sports track etc.
                3. 5 five star hotels
                4.fertiliser business
                5.Hostiptal in Noida
                6.EPC business with more than 10000cr orders in hand
                7.stake in power business
                8.stake in jil
                7.loans of Rs. 6000-7000cr left

                Now do ur calculation😀😀😀😀😀

                ​​​​

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                • Re : Jaypee Greens Wishtown, Noida

                  I guess they have land parcels in Mathura and Agra also..

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                  • Re : Jaypee Greens Wishtown, Noida

                    JP has many things : Pvt Jet,Expensive Car,Palace in Posh Location but what is left with their buyers/customers who invested their entire life saving (In Today's date & not in future or very soon) ?
                    Last edited June 29 2017, 11:49 PM.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by flatowner2 View Post
                      JP has many things : Pvt Jet,Expensive Car,Palace in Posh Location but what is left with their buyers/customers who invested their entire life saving (In Today's date & not in future or very soon) ?
                      They have learnt the lessons
                      पैर उतनी पसारइये जितनी चादर होये

                      Now they have focused on solving the problems of past which is always a good sign ☺

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