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.
