Jaypee Infratech Appoints Devang Pravin Patel As CFO
The Suraksha Group now controls Jaypee Infratech, appointing Devang Pravin Patel as CFO and planning to delist the company’s shares, effective June 21, 2024
The Suraksha Group, based in Mumbai, now oversees Jaypee Infratech (JIL), having appointed Devang Pravin Patel as Chief Financial Officer (CFO) effective June 8, 2024, according to a recent regulatory filing. Following clearance from the NCLAT appeal panel last month, the Suraksha Group has taken control of JIL and plans to delist its shares from stock markets.
“The company’s board of directors has set June 21, 2024, as the record date to determine the shareholders eligible for the exit price payment in connection with the delisting and subsequent extinguishment of the company’s issued equity shares,” stated the exchange filing.