JSPL to sell power business to promoter firm for ₹3,015 crore1 min read 27 Apr 2021, 11:55 AM IST
The board of directors of JSPL has approved the divestment of its entire equity interest, representing 96.42% of the issued and paid up capital, in Jindal Power by way of sale of shares to Worldone Pvt Ltd, a promoter group company and a related party to the company
Jindal Power and Steel Ltd (JSPL) on Tuesday said its board has approved the sale of its power subsidiary Jindal Power Ltd to Worldone, a promoter group company, for ₹3,015 crore. Worldone was selected after it submitted the highest binding bid on acceptable terms and conditions in a bidding process run by Grant Thornton Advisory, JSPL said.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started