Eyes on board meet of JP Associates

The board of Jaiprakash Associates will meet on Thursday to review the progress of various divestments being pursued by the company. Debt-ridden Jaiprakash Associates has been selling its cement and power assets to pare debt and improve the health of its balance sheet. In fact, Ultratech Cement had last month called off a deal with JP Associates to acquire its two plants in Madhya Pradesh for an enterprise value of ₹5,400 crore.