Held on 17 May 2014
Jaiprakash Power Ventures announced that the Board of Directors of the Company at its meeting held on 17 May 2014, inter alia, has approved the following:Authorised seeking shareholders' approval/renewal of shareholders' approval which is valid till 05 July 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 06 July 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.
Co-opted S D Nailwal and Sunita Joshi on the Board of the Company as Non-executive Directors.
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