Jaiprakash Power Ventures to consider fund raising on Mar 14, 2012

A meeting of the Board of Directors of Jaiprakash Power Ventures Ltd will be held on March 14, 2012, to consider raising of funds / resources through equity/debt/equity related. instruments with various Domestic International options, including QIP/ ECB/ FCCBs/ ADRs/ GDRs/ FPO/ Optionally or Compulsorily Convertible Redeemable Preference Shares etc., for the Company's ongoing projects and/or the projects of its joint venture and subsidiary Companies.

The Jaiprakash Power Ventures Ltd stock was trading at Rs.42.45, up by Rs.0.75 or 1.80%. The stock hit an intraday high of Rs.43 and low of Rs.42.

The total traded quantity was 0.83 lakhs compared to 2 week average of 3.77 lakhs.

Source : Equity Bulls

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