JSPL selling subsidiary to promoter family at one-fourth of price: Ingovern Mumbai | Updated on × Enterprise value of JPL is in the range of ₹10,000-12,000 crore but the promoters want to take control of 96.42% of the company for just ₹3,015 crore PALAK SHAH Are the promoters of Jindal Steel and Power (JSPL) attempting to take private control of one of the subsidiaries of the company at one-fourth of its actual price and cause loss to the shareholders? JSPL has a fully owned subsidiary called Jindal Power (JPL). The JSPL has now sought shareholders nod for the divestment of JPL in favour of Worldone Pvt Ltd, a company owned by the Jindal family.