In Short : Jaiprakash Power Ventures’ shares continued their strong upward momentum for the second straight session, surging over 29% in two days. The rally followed increased investor interest and heavy trading volumes across the market. Analysts attribute the spike to renewed confidence in the company’s restructuring progress and improving financial outlook. The sustained rise […]
Jaiprakash Power Ventures plans to sell 74 per cent stake in JPL to PGCIL
The company said the stake sale is expected to be complete by March 31, 2021 Jaiprakash Power Ventures Ltd (JPVL) on Tuesday said its board has approved disinvestment of 74 per cent stake in Jaypee Powergrid to PGCIL. Jaypee Powergrid Ltd (JPL) is a joint venture of Power Grid Corporation of India (PGCIL) and JPVL. […]