Tuesday 9 February 2016

Jaiprakash Power may consider signing standstill agreement with FCCB holders

The company apprised of the possibility of signing a standstill agreement with a majority of the holders of outstanding FCCBs issued by the Company, since the Company may require additional time beyond February 13 to repay the FCCBs in full.


Jaiprakash Power Ventures Ltd ended at Rs. 5.73, down by Rs. 0.01 or 0.17% from its previous closing of Rs. 5.74 on the BSE. The company informed BSE that the Board in that meeting shall also be apprised of the possibility of signing a standstill agreement with a majority of the holders of outstanding FCCBs issued by the Company, since the Company may require additional time beyond February 13, 2016 to repay the FCCBs in full.

The scrip opened at Rs. 5.85 and touched a high and low of Rs. 5.85 and Rs. 5.66 respectively. A total of 1009060(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1683.47 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 12.95 on 04-Mar-2015 and a 52 week low of Rs. 5.23 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 6.1 and Rs. 5.6 respectively.

The promoters holding in the company stood at 63.6 % while Institutions and Non-Institutions held 9.67 % and 26.73 % respectively.

The stock traded above its 200 DMA.

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