Jaiprakash Power Ventures, a part of Jaypee Group, is seeking shareholders’ nod for conversion of part of outstanding loan of lenders into shares. Outstanding loan of the company is at around Rs 3058 crore.
Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission. The company has reported a net loss of Rs 196.16 crore for the quarter as compared to a net profit of Rs 66.96 crore for the same quarter in the previous year.
