M&A

M&A

JSPL accepts Rs.7,401-Cr revised offer for Jindal Power from Worldone

PTI  

JSPL's board has accepted a revised offer of INR 7,401 crore from Worldone Pvt Ltd for a 96.42% stake in its subsidiary company Jindal Power Ltd. Of the total, INR 3,015 crore will be paid in cash, while the balance INR 4,386 crore will be settled by "way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances extended by JPL to JSPL".