Jaiprakash Power Ventures Limited - Updates on ensuing Board Meeting on Feb 13, 2017
Download 
|
< Back |
| 07 Feb 2017 | |
| With reference to the earlier letter dated February 04, 2017, informing, inter alia, convening a Meeting of the Board on February 13, 2017, to consider and approve Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2016, Jaiprakash Power Ventures Ltd has now informed BSE that :<BR><BR>"Please refer to our letter dated 07th January, 2017, intimating that approval of the members of the Company was being sought by way of Postal Ballot for Special Resolution - for conversion of part of outstanding loans of Lenders into Equity Shares pursuant to implementation of SDR Scheme under RBI circulars. Subject to approval of the said Special Resolution by the members (result of Postal Ballot will be declared on February 11, 2017), the Board in the meeting to be held on February 13, 2017 shall, inter alia, approve Private Placement Offer Letter (PAS-4) and issuance of Equity Shares to the extent of 51% of post issue expanded Equity Share Capital on Preferential basis to Lenders upon conversion of part of their outstanding loans into Equity Shares, pursuant to implementation of SDR Scheme, in terms of applicable laws, regulations and RBI circulars." | |
| View all announcements for Jaiprakash Power Ventures Limited | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback