Corporate Announcement
Security Code : 532532    Company : JPASSOCIAT    
 
Clarification 
  Exchange Disseminated Time     
Jaiprakash Associates Ltd has informed BSE that :

"It is ¬Āunderstood that rumors are being planted in the market by the persons with vested interests suggesting that the Promoters are selling their share holding in the Company. Such stories seem to have lead to sharp drop in the share price of the Company leading to inflow of queries from investors.

It is clarified in the interest of stakeholders that one of the Promoters holding 72.36 Crore shares, constituting 29.75% of the Company's shares capital, has sold only 1.45% of such share holding and continues to hold 68.83 Crore shares, constituting 28.30% of the Company's share capital. This small share holding has been disposed off by the Promoter Company to meet its requirement of funds including for social cause.

It is clarified and confirmed for information of all stakeholders that the Promoters of Jaiprakash Associates Ltd. continue to have full faith in the Company and hope that the investor / stakeholders would continue to have confidence in the Company and its Management, as hitherto."
 

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