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JSW Energy zooms on plan to acquire 100% stake in HBPCL for Rs 9,700 crore

17 Nov 2014 Evaluate
JSW Energy is currently trading at Rs. 82.10, up by 6.25 points or 8.24% from its previous closing of Rs. 75.85 on the BSE.

The scrip opened at Rs. 77.85 and has touched a high and low of Rs. 84.45 and Rs. 77.30 respectively. So far 463765 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.85 on 02-Jul-2014 and a 52 week low of Rs. 42.00 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 84.45 and Rs. 74.60 respectively. The current market cap of the company is Rs. 12439.82 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 12.15% and 12.85% respectively.

JSW Energy has agreed to acquire 100% stake in Himachal Baspa Power Company (HBPCL) for a base enterprise value of approximately Rs 9,700 crore, subject to mutually agreed adjustments. The company will acquire the stake from Jaiprakash Power Ventures and other shareholders.

The board of directors of Jaiprakash Power Ventures (JPVL) has approved the transfer of, the 300 MW Baspa II hydro electric project located at Himachal Pradesh, and the 1091 MW Karcham Wangtoo hydro electric project located at Himachal Pradesh into a separate company, HBPCL, as a going concern through a scheme of arrangement under Companies Act, 1956.

Subsequent to the scheme of arrangement being made effective and subject to other terms and conditions agreed between the company and JPVL, JSW Energy proposes to acquire 100% of the securities of the Target held by JPVL.

JSW Energy Share Price

561.10 0.30 (0.05%)
23-Apr-2026 16:59 View Price Chart
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