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Jaiprakash Power Ventures gets nod to divest 74% stake in Jaypee Powergrid

03 Mar 2021 Evaluate

Jaiprakash Power Ventures’ (JPVL) board has approved disinvestment of 74% shareholding in the Jaypee Powergrid (A Joint Venture Company of Power Grid Corporation of India and the Company). The Share Purchase Agreement (SPA) yet to be executed. The said transaction is expected to be completed by March 31, 2021. The Board of Directors of the company in its Meeting held on March 2, 2021 has approved the same.

Jaiprakash Power Ventures is engaged in the business of generation of power, cement grinding and captive coal mining.

JP Power Ventures Share Price

19.06 -0.67 (-3.40%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 400.00
Tata Power 441.35
Adani Power 227.50
Power Grid Corp 319.25
Torrent Power 1722.35
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