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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.

Peers
Company Name CMP
NTPC 314.00
Tata Power 352.45
Adani Power 195.50
Power Grid Corpn. 249.75
Adani Energy Solut. 1363.50
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