Under debt restructuring
Jaiprakash Power Ventures announced that as per debt restructure the company has allotted to Canara Bank 1202, 9.5% Cumulative Redeemable Preference Shares (CRPS)(Series-A) of Rs. One lakh each for an amount of Rs.12.02 crore. The CRPS shall have tenure of 29 years from the date of allotment and can be redeemed earlier from the sale proceeds of the Cement Grinding Unit (CGU) located at Nigrie Super Critical Thermal Power Plant site, District Singrauli, Madhya Pradesh-486669.Consequent upon allotment of CRPS, the paid-up preference share capital of the Company shall be increased to Rs. 12.02 crore.
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