Jaiprakash Power Ventures (JPVL), a part of India's leading infrastructure conglomerate Jaypee Group, on March 2 announced that its  board has approved disinvestment of 74% shareholding in the Jaypee Powergrid (A Joint Venture Company of Power Grid Corporation of India and the Company).

The Share Purchase Agreement (SPA) yet to be executed. The said transaction is expected to be completed by Mar. 31, 2021.

 Shares of the company gained Rs 0.04, or 1.35%, to settle  at  Rs 3.01.  The total volume of shares traded  was 10,251 at  the BSE (Wednesday). The scrip has touched an intra-day high of Rs 3.10 and low of Rs 2.94.