Jindal Steel completes disposal of entire stake in Jindal Power for Rs7,401.29 crore
The consideration is partly payable by way of cash consideration of Rs3,015 crore.
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The consideration is partly payable by way of cash consideration of Rs3,015 crore.
Competition Commission of India has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited
The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited.
“The enterprise value of Rs 9,730 crore for the 3,400 MW assets of JPL is in line with market valuations on a per megawatt basis at Rs 2.86 crore per megawatt,” said a report by InGovern Research Services, a corporate governance advisory firm.
The state owned metal producer SAIL is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal