Jaiprakash Associates

MSCI Indices: Inclusion of 7 stocks in MSCI indices could draw $3 billion

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MSCI Indices: Inclusion of 7 stocks in MSCI indices could draw billion

Mumbai : India could see inflows of up to $3 billion by the end of August due to the scheduled inclusion of select stocks by index provider MSCI in its benchmarks. In addition to the inclusion of seven stocks into the Global Standard index, MSCI will also increase the weight of HDFC Bank in the … Read more

NARCL: Biggest play: NARCL offers ₹10,000 crore for JP Associates’ loans

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NARCL: Biggest play: NARCL offers ₹10,000 crore for JP Associates’ loans

National Asset Reconstruction Company of India (NARCL) has proposed to acquire the debt of Jaiprakash Associates from banks for ₹10,000 crore, making it the largest offer made so far by the government-backed asset reconstruction company (ARC) that started operations just over two years ago. If a majority of lenders sell their debt, ARC will acquire … Read more