Jaiprakash Power Ventures Ltd - 532627 - Announcement under Regulation 30 (LODR)-Allotment
Allotment of 0.01% Cumulative compulsory convertible preference Shares aggregating to Rs. 3805.53 Crore and cumulative Redeemable Preference Shares (SERIES-B) aggregating to Rs. 22.50 Crore on preferential basis in favour of Lenders pursuant to Debt Restructuring Plan. Jaiprakash Power Ventures Ltd - 532627 - Announcement under Regulation 30 (LODR)-Allotment
The Committee of Directors for Debt Restructuring (Committee) in its meeting held on 16th December, 2019, which concluded at 11.30 A.M. has allotted the following securities:- 1202, 9.5% Cumulative Redeemable Preference Shares (CRPS)(Series-A) of Rs.1 Lakh each for an amount of Rs.12.02 crore, which 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. Jaiprakash Power Ventures Limited - 532627 - Announcement under Regulation 30 (LODR)-Meeting Updates
The Meeting of the FCCB Holders was held on 13th December, 2019 in Singapore, wherein the Bondholders have passed an Extraordinary Resolution (the 'Bondholders' Resolution') in relation to the restructuring of the terms and conditions of the FCCBs which, inter-alia, includes mandatory conversion of the principal amount of outstanding FCCBs aggregating to US$ 101,421,203 into Equity Shares of Rs.10 (Rupees Ten) each of the Company at the conversion price of Rs.12 (Rupees Twelve) each pursuant to the provisions of Original Trust Deed dated 12th February, 2010 as amended, from time to time, as executed between the Company and the Trustee on behalf of Bondholders. The Bondholders' Resolution was passed by 96.10% of the total votes cast at the Meeting. Now, the Second Supplemental Trust Deed shall be entered on 13th December, 2019 between the Company and the Trustee, and the Bonds' Amendment Date (as defined therein) shall be 13th December, 2019.
Jaiprakash Power shares locked in 5% lower circuit after 6 days of gains
The stock fell following the announcement that MKV Rama Rao has ceased to be the whole-time director of the company from December 9. Jaiprakash Power Ventures Limited - 532627 - Announcement under Regulation 30 (LODR)-Cessation
Consequent upon completion of the term of 3 years on 8th December, 2019, Shri M.K.V. Rama Rao has ceased to be Whole-time Director of the Company w.e.f. 9th December, 2019. Jaiprakash Power Ventures Ltd - 532627 - Disclosure Pursuant To Regulation 30(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In continuation to our letters No.JPVL: SEC:2017 dated 23rd November, 2017 and 19th December, 2017 wherein we had informed that the Company had pledged its shareholding in Prayagraj Power Generation Company Limited (PPGCL), a subsidiary of the Company to SBICAP Trustee Company Ltd. (SBICAP Trustee) as security for loan obtained by PPGCL from Banks/ Financial Institutions and that because of invocation of entire pledged shares of the Company in PPGCL by SBICAP Trustee, PPGCL had ceased to be subsidiary of the Company. In furtherance thereto, we wish to inform you that the Company has received an intimation dated 2nd December, 2019 from SBICAP Trustee that sale and transfer of Pledged Equity Shares and Pledged Preference Shares as stated above are proposed to take place on or about 4th December, 2019. Jaiprakash Power Ventures Ltd - 532627 - Announcement under Regulation 30 (LODR)-Meeting Updates
Further to our letter No. JPVL:SEC:2019 dated 31st October, 2019, this is to inform that pursuant to the Scheme of Conversion of FCCBs into equity shares of the Company, a meeting of the U.S.$ 200,000,000 5.0 per cent. Foreign Currency Convertible Bonds Holders (the 'Bondholders') has been convened by the Company on 13th December 2019 vide Notice dated 28th November, 2019 for the purpose of considering and, if thought fit, passing an Extraordinary Resolution in relation to restructuring of the terms and conditions of the Foreign Currency Convertible Bonds (FCCBs) which, inter-alia, includes mandatory conversion of principal amount of outstanding Bonds aggregating to US$ 101,421,203 into Equity Shares of Rs.10/- each of the Company at the conversion price of Rs. 12/- (Rupees Twelve each) pursuant to the provisions of Original Trust Deed dated 12th February, 2010 as amended, from time to time, as executed between the Company and the Trustee on behalf of Bondholders. Jaiprakash Power Ventures Limited - 532627 - Disclosure Pursuant To Regulation 23(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements), 2015 ("Listing Regulations")
Pursuant to Regulation 23(9) of Listing Regulations, please find enclosed herewith the disclosure of related party transactions on consolidated basis and balances for the half year ended on 30th September, 2019 Jaiprakash Power Ventures Limited - 532627 - Announcement under Regulation 30 (LODR)-Issue of Securities
1. Conversion of part of the outstanding loans of Canara Bank into Compulsory Redeemable Preference Shares (CRPS) 2. Conversion of part of the outstanding loans of Corporation Bank into long term instrument/NCD 3. Restructuring of Foreign Currency Convertible Bonds (FCCBs) Jaiprakash Power Ventures Ltd - 532627 - Un-Audited Stand Alone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended On 30Th September, 2019
We are enclosing herewith the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2019 in the prescribed format as required under Regulation 33(3) of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 30th October, 2019. Further, as required under Regulation 33(2)(c) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, also enclosed herewith a copy each of 'Limited Review Report' by the Statutory Auditors on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2019. The 'Limited Review Report' has been placed before the Board of Directors in their meeting held on 30th October, 2019.