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Jaiprakash Power shares jump ~12% after settlement with NARCL

Jaiprakash Power Ventures shares rallied nearly 12% on Monday, days after the company announced a payment settlement agreement with National Asset Reconstruction Company Limited (NARCL).

JPPOWER

Jaiprakash Power Ventures Limited shares rose nearly 12% in Monday’s trading session after the company said it had reached a payment settlement with National Asset Reconstruction Company Limited (NARCL). New Delhi, Sept. 21 -- The company and NARCL have agreed to settle the…