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BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
533148
Company
JSW Energy Ltd
Exchange Received Time
10/01/2020 18:15:19
Exchange Disseminated Time
10/01/2020 18:15:26
Time Taken
00:00:07
Acquisition Of Stake On Conversion Of Loan To Equity Of Jaiprakash Power Ventures Limited |
01/10/20 18:15
Dear Sir
Vide our communication dated 2nd January, 2020, we had informed you that the Company had entered into an agreement with Jaiprakash Power Ventures Limited (JPVL) to re-structure the principal outstanding amount of Rs.751.77 crore owed by JPVL to the Company. One of the terms of the agreement was the conversion of an amount of Rs.351.77 crore into equity shares of JPVL at par value of Rs.10 each. We now wish to inform you that these equity shares have been allotted to the Company by JPVL.
The details, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, are given in Annexure - A to this letter.
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