Jaiprakash Associate - Update - JP Asso to look at value unlocking in JP Infra

Manoj Gaur, Executive Chairman of JP Associates, said the entire shareholding of JP Infratech is held by JP Associates. The company has no plans to transfer stake to any other company and JP Infra will remain a 100% subsidiary of JP Associates, he said.

The company requires no fund raising for Taj Expressway as of now. JP Infra will require investments of over Rs 6,000 crore, he siad. Hinting at a new development, he said that they will look at unlocking value in JP Infratech. They have held back GDR issue plans due to market volatility, but the JP Power IPO will not be rescheduled, he said.

Link to the entire article: http://www.moneycontrol.com/india/news/business/jp-asso-to-look-at-value-unlocking-in-jp-infra/325918