SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jaiprakash Power Ventures informs about company updates

31 Mar 2016 Evaluate

With reference to the earlier letter dated February 12, 2016 regarding the Company had entered into a standstill agreement dated February 11, 2016 (the ‘Standstill Agreement’) with certain holders (Participating Bondholders) of the Bonds that collectively held in excess of 75 per cent of the aggregate principal amount of the Bonds outstanding as on the date of the Standstill Agreement. Pursuant to the Standstill Agreement, the standstill period extended until March 31, 2016, subject to certain conditions. Jaiprakash Power Ventures has now informed that the Company was and is still engaged in discussions with Indian banks to source funds to repay part of the outstanding amount due on the Bonds. Due to certain extraneous circumstances, the Company’s discussions with Indian banks are taking longer than originally anticipated. In the interim, the Company proposes to engage in discussions with the Bondholders to extend the Standstill Agreement by 8 weeks (or alternatively sign an interim standstill agreement/letter for such period) while the Company and the Bondholders reach commercial agreement on a definitive proposal.

The above information is a part of company’s filings submitted to BSE.

JP Power Ventures Share Price

19.43 0.23 (1.20%)
06-May-2026 14:59 View Price Chart
Peers
Company Name CMP
NTPC 396.75
Tata Power 443.45
Adani Power 228.85
Power Grid Corp 316.40
Torrent Power 1731.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×