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Last Updated : Oct 10, 2019 12:17 PM IST | Source: Moneycontrol.com

Jaypee Infratech locked at upper circuit as govt likely to waive off tax

There were pending buy orders of 643,382 shares, with no sellers available.

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Shares of Jaypee Infratech are locked at the upper circuit on October 10 after there have been reports of the government waiving off the tax claims against the company.


The government is likely to waive off the tax claims of Rs 33,000 crore against Jaypee. The tax department's claim of Rs 33,000 crore pending tax dues is not tenable, government sources told to CNBC-TV18.

There were pending buy orders of 643,382 shares, with no sellers available.

The share price declined 47 percent in the last six months.

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Also read - Government to submit resolution plan for Jaypee Infratech before SC soon: Sources

At 11:55 hrs, Jaypee Infratech was quoting at Rs 1.22, up Rs 0.05 or 4.27 percent, on the BSE.

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First Published on Oct 10, 2019 12:17 pm
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