Jaiprakash Power Ventures has sought shareholders' approval to issue preference shares worth Rs 4,000 crore to its lenders in the annual general meeting on September 20.
The firm's board at its meeting held on August 31, 2018, had approved the offer and issue of 0.01 per cent Cumulative Compulsory Convertible Preference Shares (CCPs) aggregating up to Rs 4,000 crore in one or more tranche on preferential basis to lenders.
Jaiprakash Power Ventures is an Indian power company.
