Jaiprakash Associates Ltd has informed BSE that the Equity Shareholders and Creditors of the Company have, in their respective Meetings held on February 25, 2012, duly approved the Scheme of Arrangement between the Company and its Wholly Owned Subsidiary, Jaypee Cement Corporation Limited (JCCL) to hive off so of Cement Plants and other Units of the Company to JCCL. Jaiprakash Associates Ltd has informed BSE that Hon'ble High Court of Judicature at Allahabad on April 09 2012, has sanctioned the Scheme of Arrangement between Jaiprakash Associates Limited (JAL) and Jaypee Cement Corporation Limited (JCCL) whereby some units of JAL are hived off to JCCL in terms of the provisions of the said Scheme. (As Per BSE Announcement Dated on 09.04.2012) With reference to the earlier announcement dated April 09, 2012 intimating about the sanction of the Scheme of Arrangement between Jaiprakash Associates Limited (JAL) and Jaypee Cement Corporation Limited (JCCL) by Hon'ble High Court of Judicature at Allahabad on April 09, 2012, whereby some units of JAL are hived off to JCCL in terms of the provisions of the said Scheme, Jaiprakash Associates Ltd has informed BSE that the said order has been filed with the Registrar of Companies, Kanpur, U.P on April 18, 2012 and thus the Scheme of Arrangement has become effective w.e.f. the Appointed Date April viz. April 01, 2011. (As per BSE Announcement Website dated on 19.04.2012) With reference to the news item appearing in a leading financial daily titled 'Birla in talks to acquire Gujarat cement unit of Jaiprakash Associates for $800m', Jaiprakash Associates Ltd has clarified to BSE that, 'The Company's cement plant in Gujarat was hived off to its Wholly Owned Subsidiary (WOS), Jaypee Cement Corporation Limited(JCCL) through Scheme of Arrangement which was sanctioned by Hon'ble High Court of Judicature at Allahabad on 9th April 2012. On implementation of the scheme, the said Gujarat Cement Plant stood vested in JCCL who have been looking into various options to unlock the value for their shareholders, as per the objects of the said Scheme and have confirmed to us that they have not so far signed any Binding Agreement.' (As per BSE Announcement Dated on 03.12.2012)