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| Exchange Disseminated Time | Jaiprakash Power Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 17, 2014, inter alia, has approved the following:
1. Authorised seeking shareholders’ approval/renewal of shareholders’ approval which is valid till July 05, 2014, to raise funds through various Domestic/International options, including QIP/ ECB with rights of conversion into shares / FCCBs/ ADRs/ GDRs/ FPO/ Optionally or Compulsorily Convertible Redeemable Preference Shares etc., upto Rs. 3000 crore (against Rs.2500 crore already approved on July 06, 2013) for the Company’s ongoing projects and/or the projects of its joint venture and subsidiary companies and also to reduce Company’s debt.
2. Co-opted Shri S.D. Nailwal and Ms. Sunita Joshi on the Board of the Company as Non-executive Directors. |
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