Jaiprakash plans to raise Rs 3,500 crore for power unit

Jaiprakash Associates is planning to raise Rs 3,500 crore (USD 769 million) for Jaiprakash Power through a follow-on share sale or global depository receipts, Executive Chairman Manoj Gaur said on Monday.

February 14, 2011 / 20:35 IST

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Jaiprakash Associates is planning to raise Rs 3,500 crore (USD 769 million) for Jaiprakash Power through a follow-on share sale or global depository receipts, Executive Chairman Manoj Gaur said on Monday.

Jaiprakash Hydro Power has been renamed as Jaiprakash Power.

The engineering and construction firm also has interests in hospitality and power.

first published: Feb 14, 2011 08:22 pm

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Jaiprakash plans to raise Rs 3,500 crore for power unit

Jaiprakash Associates is planning to raise Rs 3,500 crore (USD 769 million) for Jaiprakash Power through a follow-on share sale or global depository receipts, Executive Chairman Manoj Gaur said on Monday.

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