Jaiprakash Associates rightly focussed on reducing their large debt: Jagdish Malkani

In a chat with ET Now, Jagdish Malkani, Member NSE & BSE, shares his views on Jaiprakash Associates:

ET Now: What are your thoughts on Jaiprakash Associates?

Jagdish Malkani: I would pass on them. They have done well by selling their plant. At least, the management seems rightly focussed on reducing this huge mountain of debt (some of the hydel projects being sold to a Middle East company, etc). Hence, all that is very good, however, it also tells you the size of the problem.