Jaiprakash Power Ventures Limited - Announcement under Regulation 30 (LODR)-Allotment

In continuation to our disclosure made vide letter No.JPVL:SEC:2019 dated 2nd January, 2020:<BR> After receipt of in-principle approval from NSE vide letter No.NSE/LIST/22774 dated 7th January, 2020 and BSE vide letter No.DCS/PREF/BA/PRE/ 471/2019-20 dated 7th January, 2020, the Company had issued Private Placement Offer cum Share Application in Form PAS-4 to JSWEL on 9th January, 2020 with offer to subscribe 35,17,69,546 equity shares of Rs. 10 each at par on Private Placement Basis to JSWEL on conversion of a part of their outstanding debt. <BR> <BR> On receipt of duly executed Private Placement Offer cum Share Application in Form PAS-4 from JSWEL, the Committee of Directors for Debt Restructuring (Committee), inter-alia, authorized to make the allotment of Shares to JSWEL, in its meeting held on 10th January, 2020, which concluded at 3.00 P.M has allotted 35,17,69,546 equity shares of Rs. 10 each at par on Private Placement Basis to JSWEL on conversion of part of their outstanding loans. <BR>