Hi Raj, According to the company, they completely deny every single such rumours and wish to make calm their shareholders, their is no burden at all. The sharp fall in stock costs can't be credited to any development connected to the execution of the company or the activity of any of their regarded lenders.
@ Raj Roy, According to sources, Jaypee Group Chairman Manoj Gaur said it was disheartening to see such noxious fabricated stories being planted by some individuals with personal stakes without confirming the true position with the organization (Jaypee group) amid the challenging time of economy.
Hey Raj Roy, According to latest news, Jaypee Group declared that it has started steps for disinvestment of many assets of over Rs 22,000Cr, to be finished by September, as the Jaiprakash Associates stocks crashed by more than 20 %. It asserted that a few unfair components are influencing everything, planting created stories about the Group extending from share revocation, defaults in reimbursement obligation etc.