Jaypee Infra Ventures is planning to sell 50 million shares in Jaiprakash Power Ventures for raising up to Rs 208 crore. The company would sell the shares in a price range of Rs 39 - Rs 41.50 each.
Jaypee Infra Ventures, a promoter company of Jaiprakash Power Ventures, in total owns 185.6 million shares, or a 7.1% stake in the power company. Meanwhile, another founder, Jaiprakash Associates, holds 67.9% of Jaiprakash Power Ventures.
Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently, the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.
