Jaiprakash Associates, a diversified infrastructure conglomerate announced that the transaction of the sale of company's 1.5 MTPA cement grinding unit at Panipat, Haryana to Shree Cement has been consummated on April 27, 2015 at a consideration of Rs 3.58 billion.

The stock had underperformed the market over the past one month till Apr. 27, 2015, falling 24.93% compared with the Sensex's 1.03% decline.

It underperformed the market in past one quarter, declining 9.99% as against 8.10% fall in the Sensex.

Shares of the company declined Rs 0.10, or 0.47%, to trade at Rs 21.05. The total volume of shares traded was 841,651 at the BSE (10.51 a.m., Tuesday).