Reliance Power Ltd (RPOL.NS)
|Market Cap (Mil.):||Rs263,822.19|
|Shares Outstanding (Mil.):||2,805.13|
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.