Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore (Rs 44.60 billion).
Jaiprakash Industries Ltd's board will meet on January 29, 2003 to consider the proposal to merge Jaiprakash Industries Ltd and its subsidiary Jaypee Cement Ltd.
Jindal Power bagged 2 coal mines in Chhattisgarh.
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JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
These three industries might offer a roller-coaster ride and stocks would have to be held for a significant time.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
For debt-laden companies, asset sales is an obvious solution.
Turns down firm's plea for stay on CCI order; final order pending
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