Jaiprakash Associates plans to raise $769 mn for power unit

Jaiprakash Associates plans to raise $769 mn for power unit

New Delhi: Jaiprakash Associates is planning to raise Rs350 cr ($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.

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