- Reuters•2 years ago
India's Jaiprakash Power Ventures Ltd on Monday said it plans to reduce debt by selling three hydropower plants to a subsidiary of Reliance Power Ltd, including two plants involved in a sale that collapsed last week. The sale of Jaiprakash's entire hydropower portfolio, which has an aggregate capacity of nearly 1,800 megawatts, would make Reliance the country's largest private provider of hydroelectric power. Jaiprakash in a statement said it has entered into an exclusive memorandum of understanding with Reliance CleanGen Ltd, which with Reliance Power is part of billionaire Anil Ambani's Reliance Group Holdings Inc. The announcement followed the collapse last week of a plan by Jaiprakash and parent Jaiprakash Associates Ltd to sell two of the three plants for $1.6 billion to an Abu Dhabi-led consortium.
We're sorry this is all we were able to find about this topic.
JPPOWER.NS : Summary for JAIPRAKASH POWER INR10 - Yahoo Finance
Jaiprakash Power Ventures Limited (JPPOWER.NS)
NSE - NSE Delayed Price. Currency in INR
Add to watchlist
|Day's Range||3.95 - 4.10|
|52 Week Range||3.45 - 7.80|
|PE Ratio (TTM)||-4.09|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|