Latest news with #JaiprakashPowerVenturesLtd
Time of India
11-06-2025
- Business
- Time of India
Uncertainty over strategy of JPVL lenders clouds Jaypee Associates' debt resolution
Uncertainty around the future strategy of lenders to Jaiprakash Power Ventures Ltd (JPVL) could prove a hurdle in the corporate debt resolution of Jaiprakash Associates Ltd (JAL), the holding company of the Jaypee Group, people familiar with the matter said. JPVL - a listed associate of JAL with a market capitalisation of over ₹12,000 crore - is the most valuable asset in JAL's portfolio that also includes real estate, cement and fertiliser plants. As part of a debt restructuring, JPVL issued compulsory convertible preference shares (CCPS) worth ₹3,800 crore to its lenders in 2019. Upon their conversion into shares, the lenders could emerge substantial shareholders of JPVL. JAL only has a 24% ownership in JPVL as of March end, and 79.2% of promoter shares were pledged as collateral for loans. Bidders of JAL - including some of the largest corporate names - are unclear if and when banks plan to exercise their right to convert the CCPS into shares, people cited above said. The debt restructuring agreement left the timeline for conversion of the CCPS into shares open-ended. They can be converted into shares anytime "after 20 years or earlier," according to the documents. The potential bidders are now seeking clarity from lenders on their conversion plans, arguing that this information is crucial to calculate the value of the holding company when bidding, the sources said. Government-backed National Asset Reconstruction Company Ltd (NARCL), to whom the JAL's lenders have assigned their debts, did not respond to ET's queries until press time Tuesday. Twenty-five entities including Adani Enterprises , Vedanta , GMR, Dalmia Cement Bharat, Naveen Jindal and BC Jindal group companies, Suraksha Realty, and Kotak Alternate Assets have shown interest in bidding for Jaiprakash Associates. "As the public shareholding of Jaiprakash Power Ventures Ltd is very high, the conversion of CCPS could further dilute the holding company's stake in JPVL," said Drushti Desai, partner at chartered accountancy firm Bansi S Mehta & Co.
Business Standard
10-06-2025
- Business
- Business Standard
Jaiprakash Power Ventures Ltd spurts 2.26%, rises for fifth straight session
Jaiprakash Power Ventures Ltd is quoting at Rs 18.13, up 2.26% on the day as on 12:44 IST on the NSE. The stock is down 1.63% in last one year as compared to a 8.04% slide in NIFTY and a 10.05% slide in the Nifty Energy. Jaiprakash Power Ventures Ltd gained for a fifth straight session today. The stock is quoting at Rs 18.13, up 2.26% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25136.5. The Sensex is at 82493.19, up 0.06%. Jaiprakash Power Ventures Ltd has gained around 27.32% in last one month. Meanwhile, Nifty Energy index of which Jaiprakash Power Ventures Ltd is a constituent, has gained around 5.19% in last one month and is currently quoting at 36352.8, up 0.51% on the day. The volume in the stock stood at 1269.33 lakh shares today, compared to the daily average of 407.84 lakh shares in last one month. The PE of the stock is 15.03 based on TTM earnings ending March 25.
Time of India
10-06-2025
- Business
- Time of India
JP Power share price drop 1.58% as Sensex falls
Shares of Jaiprakash Power Ventures Ltd . traded 1.58 per cent down at Rs 17.45 at 10:54AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 35.37 points to 82409.84. The scrip had closed at Rs 17.73 in the previous session. The stock quoted a 52-week high price of Rs 23.77 and 52-week low of Rs 12.36, respectively. As per BSE data, total traded volume on the counter till 10:54AM (IST) stood at 66294165 shares with a turnover of Rs 115.22 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60 m² Prefab Bungalow for Seniors in Dely Ibrahim Pre Fabricated Homes | Search Ads Search Now Undo At the current price, shares of the company traded at 13.27 times its trailing 12-month EPS of Rs 1.19 per share and 0.8 times its price-to-book value, exchange data showed. A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.12. Live Events Shareholding Details Promoters held 24.0 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.31 per cent and DIIs 0.28 per cent. Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 73.47. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
