Confirm Calls. . . Jaiprakash Power Ventures Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on November 15, 2014 considered and accepted the recommendations of the Committee of Directors as well as the Audit Committee for transfer of businesses in relation to two of the Companys operating Hydro Power Plants namely, 300 MW Baspa-11 Hydro-Electric Plant (commissioned in 2003) and 1091 MW Karcham Wangtoo Hydro-Electric Plant (commissioned in 2011) (both located in Himachal Pradesh) on a going concern basis to Himachal Baspa Power Company Limited (HBPCL), a subsidiary with a paid-up capital of Rs. 5 lacs, pursuant to the Scheme of Arrangement to be sanctioned under Section 391 - 394 of the Companies Act, 1956 and subject to all approvals, as may be required. For more details contact @ 9025360481 banknifty
Posted on: Mon, 17 Nov 2014 04:34:49 +0000
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