Jaypee group is in talks to sell its entire shareholding in the 165km Yamuna Expressway project after it failed to get a favourable response for the partial stake sale, reports a business daily.
The group is in talks with IDFC Alternatives and I Squared Capital to sell the six-lane toll-based project in Uttar Pradesh that connects Noida with Agra along the Yamuna river, it adds.
The scrip opened at Rs. 12.79 and has touched a high and low of Rs. 13.49 and Rs. 12.79 respectively. So far 1199514(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1743.11 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23 on 05-Jan-2015 and a 52 week low of Rs. 11.35 on 10-Nov-2015. Last one week high and low of the scrip stood at Rs. 13 and Rs. 11.87 respectively.
The promoters holding in the company stood at 71.64 % while Institutions and Non-Institutions held 15.17 % and 13.19 % respectively.
The stock is currently trading below its 200 DMA.
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