Jaiprakash Power Ventures has executed a Share Purchase Agreement for disinvestment of its entire 74% shareholding in the Jaypee Powergrid. (A Joint Venture Company of Power Grid Corporation of India and the company). The said transaction is expected to be completed by March 31, 2021. The consideration at Rs 15.84 per share for 22,20,00,000 Equity Shares aggregating to Rs 351.64 crore shall be received on Closing date, which shall be notified.
Jaiprakash Power Ventures is engaged in the business of generation of power, cement grinding and captive coal mining.
