Jaiprakash Power Ventures dips 14% on asset sale plans to TAQA

NEW DELHI: Shares of Jaiprakash Power Ventures LtdBSE -13.40 % dropped as much as 13.7 per cent in trade on Monday on profit-taking after agreeing to sell two hydroelectric power plants to a consortium led by Abu Dhabi National Energy Co, Taqa for Rs 11,500-12,500 crore. Jaiprakash PowerBSE -13.40 % Ventures Ltd is a subsidiary of Indian infrastructure conglomerate Jaypee Group. The Group's decision to sell two of its hydropower plants is part of an asset-disposal plan aimed at trim .. Source :   http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/jaiprakash-power-ventures-dips-14-on-asset-sale-plans-to-taqa/articleshow/31321894.cms