Jaypee Infra share price locked in upper circuit after Yes Bank files insolvency petition

Jaypee-Infra

Jaypee Infra share price was locked in upper circuit after Yes Bank filed an insolvency petition against its subsidiary Jaypee Healthcare before the Allahabad bench of the National Company Law Tribunal (NCLT).

There were pending buy orders of 604,179 shares, with no sellers available.

Jaypee Infratech is under corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016.

A meeting of committee of creditors of Jaypee Infratech is planned for December 7.

At 1121 hours, Jaypee Infratech was quoting at Rs 1.54, up Rs 0.07, or 4.76 percent, and Yes Bank was quoting at Rs 60.90, down Rs 3.15, or 4.92 percent, on the BSE.

News Source: Moneycontrol

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