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Monday, March 30, 2009

Jaiprakash Associates - Updates

Jaiprakash Associates Ltd has informed that in accordance with the press release from the RBI dated December 06, 2008 and relevant policy, as amended from time to time, Jaiprakash Associates Ltd ("the Company") has repurchased and extinguished the zero coupon convertible bonds aggregating to the face value of USD 4,000,000. Further purchases will be effected subject to various guidelines as applicable for such buy back.

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