Jaypee Infratech Ltd (JIL), now under the management of the Mumbai-based Suraksha Group, has appointed Devang Pravin Patel as its Chief Financial Officer (CFO) to begin the delisting of its shares from stock exchanges. The appointment was effective from June 8, 2024, as detailed in a regulatory filing by the company.
JILs shares on the BSE are currently suspended due to procedural reasons.
Jaypee Infratech delisting plan
Suraksha Group, which assumed control of JIL following the National Company Law Appellate Tribunals (NCLAT) approval last month, has taken significant steps to restructure the company.
A three-member board has been constituted. The board comprises Sudhir V Valia,…
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