JP hydro merges with jp power

2009 July 6

by Preeti

JP Hydro Power board has approved the merger of Jaiprakash Power Ventures with Jaiprakash Hydro Power with effect from April 01, 2009. The shareholders of Jaiprakash Power will get 3 shares of JP Hydro for every share held.

JP Hydro Power will raise funds up to Rs 1,500 crore via equity-linked issue.

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