Reliance Power Ltd (RPOL.NS)
|Market Cap (Mil.):||Rs245,448.59|
|Shares Outstanding (Mil.):||2,805.13|
INDIA PRESS-Reliance Power in talks with Temasek, PSP Investments to fund Jaypee Group deal-Economic Times
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)
NEW DELHI - Reliance Power Ltd will buy Jaiprakash Power Ventures Ltd's entire hydropower business, the companies said on Monday, in a deal that would make billionaire Anil Ambani's group the largest private hydropower provider in India.
* Jaiprakash to pay down debt (Recasts, adds Reliance comment, estimated value, context)
NEW DELHI, July 28 - India's Jaiprakash Power Ventures Ltd on Monday said it plans to reduce debt by selling three hydropower plants to a subsidiary of Reliance Power Ltd, including two plants involved in a sale that collapsed last week.