Cement News tagged under: Jaiprakesh Associates

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Jaiprakesh Associates defaults on loans

09 January 2023, Published under Cement News

Jaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make payments in respect of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds. In its exchange filing, the company said that in terms of the restructuring plan of its total debt, INR116,890m was to be discharged against the sale of identified cem...