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| Exchange Disseminated Time | | With reference to the news item appearing in a leading financial daily titled "Jaiprakash to sell 2 India power plants to Taqa", Jaiprakash Power Ventures Ltd has clarified to BSE that "as per the publicly announced policy of Jaypee Group, we are committed to unlock and enhance the shareholders' value, inter-alia, by reduction of debt through various options including, if necessary, by sale of sale of some of its undertakings. We wish to reiterate that this is a continuous exercise and, as and when any such transaction materializes, we shall make appropriate announcement through the Stock Exchanges in the terms of Clause 36 of the Listing Agreement." |
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