you that, the Company has agreed to acquire 26.30% of equity shares of Torrent Urja 39. Pvt Ltd (TUPL), a subsidiary of Torrent Green Energy Pvt Ltd for an aggregate consideration. up to ₹ 13.86 cr in one or more tranches to meet the regulatory requirements of electricity.
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What happened
Fact
you that, the Company has agreed to acquire 26.30% of equity shares of Torrent Urja 39. Pvt Ltd (TUPL), a subsidiary of Torrent Green Energy Pvt Ltd for an aggregate consideration. up to ₹ 13.86 cr in one or more tranches to meet the regulatory requirements of electricity.
Update 19 of 22 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Of Creditors (CoC) of Jaiprakash Associates Limited (Company). which is currently undergoing Corporate Insolvency Resolution.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. We hereby disclose the details of the material pending litigation (Annexure 1) pursuant to the said.
