No plan to sell shares: Jaiprakash Associates

No plan to sell shares: Jaiprakash Associates
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First Published: Wed, Jun 10 2009. 11 53 PM IST
Updated: Wed, Jun 10 2009. 11 53 PM IST
Mumbai: Construction firm Jaiprakash Associates Ltd said it has no plans to sell shares.
The shares of the units have not been allotted, so there is no question of selling them, spokeswoman Sunita Joshi said on Wednesday over the phone in New Delhi, denying a newspaper report.
‘The Economic Times’ said on Wednesday the firm may raise as much as Rs3,000 crore selling treasury stocks it will receive after merging four of its units with itself. BLOOMBERG
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First Published: Wed, Jun 10 2009. 11 53 PM IST