JSPL shareholders approve 96.42% stake sale in Jindal Power for Rs 7,401 cr
Jindal Steel and Power Ltd (JSPL) on Friday said over 97 per cent shareholders have approved the proposal to sell 96.42 per cent stake the company holds in its arm Jindal Power for Rs 7,401 crore to its promoters owned firm Worldone.
Jindal Power Ltd (JPL) stake sale to Worldone was approved by the JSPL shareholders at the company’s EGM (extraordinary general meeting) held on September 3, 2021, JSPL said in a regulatory filing.
