Friday, January 4, 2008

JP Associates Rising Money Via JP Power Venture IPO

JP Power Venture will have power assets of 5,000 mw in the next 5-7 years, Gaur said. "The power arm is running a 400 mw power station and is setting up a 1,000 mw plant.

According to Gaur, JP Associates will hold close to 68% post the power subsidiary IPO. The power arm plans to raise fresh equity of 11 crore shares.

The IPO market now following Reliance Power , so its planning to raise 4000 crore by issuing 11 crore shares which will value the share at anywhere from 375 to 400 rs.

Posted by crazyreader at 3:36 AM 0 comments

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