Jaiprakash Associates (JAL), a diversified infrastructure conglomerate, witnessed a rise in share price on Monday after it has received consideration of Rs 6.68 billion upon transfer of 9.89 crore equity shares of Bokaro Jaypee Cement (BoJCL) (a joint venture between JAL and Steel Authority of India) to Rangam Securities & Holdings (SRSHL), an associate/affiliate of Dalmia Cement (Bharat).

On Mar. 24, 2014, it has been intimated the signing of share purchase agreement (SPA) for sale of its 74% stake (9.89 crore equity shares owned by JAL) in the paid-up equity share capital of BoJCL to Dalmia Cement (Bharat) or any of its associates/affiliates.

Shares of the company are trading at Rs 29.35, up Rs 0.5, or 1.73%  at the Bombay Stock Exchange (BSE) on Monday at 11:59 a.m. The scrip has touched an intra-day high of Rs 29.65 and low of Rs 28.15. The total volume of shares traded at the BSE is 1,471,814.