Jaiprakash Power Ventures rises on seeking shareholders’ nod to issue shares to lenders

28 Aug 2019

Jaiprakash Power Ventures is currently trading at Rs. 1.57, up by 0.01 points or 0.64% from its previous closing of Rs. 1.56 on the BSE.

The scrip opened at Rs. 1.54 and has touched a high and low of Rs. 1.60 and Rs. 1.54 respectively. So far 56191 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4.61 on 03-Sep-2018 and a 52 week low of Rs. 1.44 on 08-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1.65 and Rs. 1.52 respectively. The current market cap of the company is Rs. 941.37 crore.

The promoters holding in the company stood at 29.85%, while Institutions and Non-Institutions held 50.36% and 19.80% respectively.

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.

Related Jaiprakash Power Ventures Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323