Jaiprakash Power Ventures Ltd pre-pays loans amounting to Rs. 299.51 crores

Jaiprakash Power Ventures Ltd earlier this week has pre-paid its Long Term Loans/Working Capital Loans amounting to Rs. 299.51 Crs. These pre-payments were made through sale proceeds of Company's 74% stake in Jaypee Powergrid Limited. This is in line with the Company's endeavor to continue to reduce its debt.

Further, CRISIL and ACUITE, both rating agencies, have assigned rating of 'BBB-' on the bank facilities of the Company and have indicated the outlook as "Stable".

Shares of Jaiprakash Power Ventures Limited was last trading in BSE at Rs.3.44 as compared to the previous close of Rs. 3.28. The total number of shares traded during the day was 31786746 in over 14812 trades.

The stock hit an intraday high of Rs. 3.44 and intraday low of 3.3. The net turnover during the day was Rs. 108080232.

Source : Equity Bulls

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