Shares of Jaypee Infratech were last trading 4.85 per cent lower at Rs 3.14 on the BSE.Share rate of Jaypee Infratech declined more than four per cent on Wednesday, June 23, a day after the business revealed its January-March quarter results for the fiscal year 2020-21.

On Wednesday, Jaypee Infratech opened on the BSE at Rs 3.14, inching to an intra day high of Rs 3.14 and an intra day low of Rs 3.14, in the trading session so far.

Jaypee Infratech - part of the Jaypee Group, reported a net loss of Rs 491.60 crore on a combined basis in the March quarter, according to a regulatory filing by the business to the stock exchanges.The business reported a net loss of Rs 940.53 crore in the corresponding quarter of the previous financial.

Jaypee Infratech's sales declined 36.17 percent to Rs 244.59 crore in the 4th quarter of the financial year 2020-21, compared to Rs 383.18 crore in the year-ago period.For the entire fiscal year, Jaypee Infratech reported a net loss of Rs 1,963.39 crore, compared to Rs 2,250.09 crore in the previous financial.

The business is under the business insolvency resolution process (CIRP) under the Insolvency and Personal Bankruptcy Code.

Blue-chip state-owned NBCC India and Suraksha Group are in the running to acquire Jaypree Infratech, according to news company PTI.On the NSE, Jaypee Infratech opened at Rs 3.25, registering an intra day high and low to the very same value.

It was last trading 4.41 per cent lower at Rs 3.25 on the NSE.Shares of Jaypee Infratech were last trading 4.85 per cent lower at Rs 3.14 on the BSE.