Comments
The board of Jaiprakash Power Ventures on Friday approved a proposal to alter its MoA to increase its authorised share capital to ₹20,050 crore from ₹10,050 crore, mainly to convert the debt of lenders into equity (by cumulative compulsory convertible preference shares up to ₹4,000 crore). The board also approved an issue of 35.20 crore shares on preferential basis to unsecured creditors. The lenders include ICICI Bank, IDBI Bank, PNB, Central Bank, SBI, UBI and Canara Bank.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.