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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: June 18 2021
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  • Re : Jaypee Greens Wishtown, Noida

    Memory of some members r weak so just wanna remind them one news.... One part has happened wrt Jaiprakash Associates n just wait for Jaypee infratech announcement

    Now decide who is lying balatant!!! 😀😀😀

    I know some ppl will have big heartbreak after their expose. 😀😀😀

    Jaypee offers 2,200-acre land to banks for loan settlement

    Prabhakar Sinha | TNN | 19 hours ago
    NEW DELHI: With cash flow down to a trickle, Jaiprakash Associates (JAL) and Jaypee Infra are offering land parcels of around 2,200 acres to banks in a bid to buy peace with lenders and settle most of its loans.
    Banks have shown willingness to take over land parcels to avoid putting a non-performing asset (NPA) tag on the two Jaypee group companies. No project has been launched on these lands so far.

    An NPA tag will force banks to set aside funds for potential losses, known as provisioning, and impact their finances. For the company, it will make virtually impossible to raise fresh loans.

    The pressure from banks has already forced the Jaypee Group to shed several cash-generating assets, such as power and cement projects, but they have not been sufficient to settle its mammoth debt of Rs 37,000 crore at a time when both companies are incurring losses.

    Jaypee has launched a township project - Wish Town - in Noida (Uttar Pradesh) on 1,200 acres of land. Though the company has started giving possession, all the projects are running behind schedule. JAL is now negotiating with lenders to sell its land parcel to settle loans of Rs 10,000 crore. Jaypee Infra is aiming to settle Rs 7,000 crore worth of loans. After this, both the companies would be left with "manageable debt" - around Rs 3,000 crore on JAL and Rs 2,000 crore on Jaypee Infra, said a banker.


    To address the concern over banks having to pay the stamp duty on purchase of land, the company is looking to transfer the land into a separate company, which will then be acquired by lenders under the SARFAESI Act that deals with bad debt.

    JAL has sold Nirman Sadan, along with commercial space and 250 acres of land parcel on the Yamuna Expressway, for around Rs 2,700 crore to Axis Bank. "The group has shown its serious intent to reduce loan," the company said.

    The Jaypee Group refused to comment on land deals, saying, "We do not comment on market speculation." In response to a question related to handover of its headquarters, a Jaypeee spokesperson said: "We remain committed to reduce debt by taking measures to the satisfaction of all stakeholders.''

    After the entire restructuring exercise is completed, JAL would be left with annual cement capacity of 10.6 million tonnes and land parcels in Sports City on Yamuna Expressway.

    Jaypee Infra will have land holding on Yamuna Expressway in Jevar near Greater Noida and Agra. The company also owns and operates the Noida-Agra Yamuna Expressway. A majority of the Rs 15,000 crore raised through the sale of the cement business to Ultratech will be used to repay loans and banks are ready to reschedule interest payments to ensure that they don't turn into an NPA.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Truenity View Post
      I have no idea why JP shares rose, but as I have already explained, the stock of a distressed company is essentially an option and options become more valuable with uncertainty. It is also a great environment for pump and dump operators to operate.
      Pump and dump operators play in 5% range.
      Market cap dosent double due to pump & dump.
      Check the delivery volumes of JP shares its a big number... dosent look like pump & dump

      Originally posted by Truenity View Post
      I don't have any inside information on what is going on between RBI, banks and JP, but JP management itself has not said a thing on JIL, while giving many smiling interviews about JAL. Essar has challenged its bankruptcy petition in court and it is possible operational details are being finetuned before other petitions are filled. If you have any authentic information that JIL is being let off and for some reason Mr Manoj Gaur and Mr Sameer Gaur have not shared this even after being asked specifically , why don't you share it ? In any case, how will it release even a single paisa for the competition of Wishtown ?
      Management will come out and speak once agreement is done... they will not speak regarding proposals in discussions...

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by bhuwan
        Pump and dump operators play in 5% range.
        Market cap dosent double due to pump & dump.
        Check the delivery volumes of JP shares its a big number... dosent look like pump & dump



        Management will come out and speak once agreement is done... they will not speak regarding proposals in discussions...
        Hahahaha. No one cares about a 5% range. That is why pump and dump operators target fallen angels which once had high share prices and which institutional investors don't want to touch. It is easy to dupe the retail muppets. 2x of a very small number is still a very small number.

        Just check what the relative performance of JIL to market index has been since its listing to understand how much pain JIL investors have endured.

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Do keep in mind that these valuations were arrived at before the Jewar Airport Clearance. Jaypee Infra again on drawing board for renegotiation on valuation of these land banks.(Not just only with banks but some big marquee name)

          Most of us will be surprised (some will have heart attack) at the kind of valuation it gonna fetch. Big announcement underway.... Have some patience!! 😀😀😀😀😀

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by bhuwan
            Pump and dump operators play in 5% range.
            Market cap dosent double due to pump & dump.
            Check the delivery volumes of JP shares its a big number... dosent look like pump & dump



            Management will come out and speak once agreement is done... they will not speak regarding proposals in discussions...
            Did JP's bankers tell you they are going to defy RBI instructions and not file a case against JIL ? Or did you get this information from Mr Manoj Gaur ? Or are you just hoping because you are a stuck JP investor ?

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              😀😀😀😀😀
              One member is complaining that I m suggesting I have some insider info abt a company which is a crime. My optimism is just can't be bearing for him . I have shared article which has one part already fructified n other just going to.

              Plz enlighten this learned member that planting false news, spreading rumors, fear mongering is bigger crime. Can he enlighten us the reason his current crimes???

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by bhuwan View Post




                Management will come out and speak once agreement is done... they will not speak regarding proposals in discussions...
                Absolutely Bhuwan Ppl need to know... There is always a time duration between a newsbreak and deal announcement... Almost every deal is broke into by media before formal announcement. Management either remain silent or just denies it saying market speculation.

                These r business nuances but brokers don't understand this

                ​​​​​​

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Standard management reply:




                  The Jaypee Group refused to comment on land deals, saying, "We do not comment on market speculation." In response to a question related to handover of its headquarters, a Jaypeee spokesperson said: "We remain committed to reduce debt by taking measures to the satisfaction of all stakeholders.''

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    http://m.timesofindia.com/business/i...w/51817885.cms

                    Read this article carefully n see it unfolding bit by bit!!!!
                    😀😀😀😀😱😀😀😀😀

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by aONEinvestor
                      http://m.timesofindia.com/business/i...w/51817885.cms

                      Read this article carefully n see it unfolding bit by bit!!!!
                      😀😀😀😀😱😀😀😀😀
                      It seems you are stuck in a Time Warp. This article is from April 2016. Much water has flown under the Yamuna since. JIL and JAL have both been declared NPAs, banks have taken control of most of JP assets, including majority stake in JP Power and RBI has directed banks to initiate bankruptcy proceedings against JIL.

                      Comment


                      • aONEinvestor
                        aONEinvestor commented
                        Editing a comment
                        Who's getting stuck... A Person who talking of today n future plan or A person who continue to talk abt past n past problems.... Let ppl judge😀😀😀
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