Jaiprakash Associates’ lenders have approved a Rs 936.27 crore cash outflow for the current quarter to maintain operations amidst insolvency proceedings. The approved funds will cover operational and one-time expenses, ensuring the company remains a going concern. Simultaneously, the Enforcement Directorate initiated searches at the company’s offices on May 23, with Jaiprakash Associates fully cooperating with the investigation.
Jaiprakash Associates' lenders approve Rs 936 cr cash outflow in June quarter
