Jaiprakash Power Ventures approves raising funds upto Rs 2500 crores

Jaiprakash Power Ventures Ltd has announced that the Board of Directors of the Company at its meeting held on January 25, 2010, has authorized, subject to the approval of the members, raising of funds in Indian Rupees or equivalent in Foreign Currency, in one or more tranches to the tune of Rs. 2,500 Crores in International / Domestic Markets through QIP/FCCBs/ADRs/GDRs/FPO etc. for meeting the Capital Expenditure for the Projects of the Company, its Joint Ventures and Projects being implemented through Company's subsidiaries.

The Stock was trading at Rs.73.15, down by Rs.0.35 or 0.48%. The stock hit an intraday high of Rs.74.50 and low of Rs.72.40.

The total traded quantity was 912049 compared to 2 week average of 975829.

Source : Equity Bulls

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