JSPL shareholders approves offloading 96.42% stake in Jindal Power
Fri, Sep 3, 2021 3:42 PM

JSPL shareholders approves offloading 96.42% stake in Jindal Power

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Jindal Steel and Power Limited (JSPL) shareholders, on Friday, nodded to the agreement to offload a 96.42% stake in its arm Jindal Power for Rs 7,401 crore to its promoters owned firm Worldone. Out of total consideration, Rs 3,015 crore will be payable by cash, and the balance Rs 4,386 crore will be paid by way of assumption and takeover of liabilities and obligations of JSPL.

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