The shares of Jaiprakash Associates (JAL) are set to be delisted from the BSE and NSE from June 18 (Thursday) onwards, following one of the longest-running insolvency cases that concluded with Adani Group’s acquisition of the debt-ridden company’s assets.
In an exchange filing released on Monday, Jaiprakash Associates said it has received the final approval from the BSE and NSE for the delisting of its shares. “The company places on record its sincere appreciation for the support and cooperation extended by the exchange during the period of listing of the company’s securities,” it added.
Insolvency proceedings involving Jaiprakash Associates began after the company formally entered the Corporate Insolvency Resolution Process…