Jaiprakash Power Ventures Limited - Outcome of Board Meeting
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| 11 Feb 2016 | |
| Jaiprakash Power Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2016, inter alia, has discussed and approved the signing of a standstill agreement ("Standstill Agreement") with a certain majority of the holders of outstanding FCCBs issued by the Company, to provide additional time to the Company beyond February 13, 2016 to repay the FCCBs in full.<BR><BR>Further, the Board has authorized the Finance Committee to do all such acts, matters, deeds and things necessary or desirable in connection with or incidental to the repayment of the FCCBs / revision in the repayment plan of the FCCBs, including without limitation entering into discussions with the holders of the FCCBs to finalize the payment plan for all amounts outstanding under the FCCBs, entering into/execution of any agreement(s) or document(s) and applying for and obtaining the consent of any relevant regulatory authorities/third parties (as may be required or expedient) in this regard. The Finance Committee proposes to meet on February 29, 2016 to finalise the repayment plan with respect to all amounts outstanding under the FCCBs based on discussions with the holders of the FCCBs and the Standstill Agreement, when executed. | |
| View all announcements for Jaiprakash Power Ventures Limited | Source: BSE India |
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