{"id":352330,"date":"2020-05-21T10:11:30","date_gmt":"2020-05-21T04:41:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352330"},"modified":"2020-05-21T10:26:11","modified_gmt":"2020-05-21T04:56:11","slug":"covid-19-impact-jsw-energy-puts-gmr-kamalanga-acquisition-on-hold","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-impact-jsw-energy-puts-gmr-kamalanga-acquisition-on-hold\/","title":{"rendered":"Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold"},"content":{"rendered":"<p>Sajjan Jindal-promoted JSW Energy on Wednesday said it had put the acquisition of GMR Kamalanga on hold. The company cited the on-going uncertainty as the reason. <\/p>\n<p>In February, JSW Energy said it would acquire GMR\u2019s Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore. In February, in a notice to exchanges, JSW said it had entered into a \u2018share purchase agreement\u2019 with GMR Energy for acquiring 100 per cent shares in its subsidiary GMR Kamalanga Energy. <\/p>\n<p>\u201cThe transaction has been put on hold given the ongoing uncertainty and will be revisited once the situation normalizes,\u201d JSW Energy said in a press statement on Wednesday. Kamalanga is one the 36 identified stressed power assets that was undergoing debt resolution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sajjan Jindal-promoted JSW Energy on Wednesday said it had put the acquisition of GMR Kamalanga on hold. The company cited the on-going uncertainty as the reason. In February, JSW Energy said it would acquire GMR\u2019s Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore. In February, in a notice to exchanges, JSW said it had entered into a \u2018share purchase agreement\u2019 with GMR Energy for acquiring 100 per cent shares in its subsidiary GMR Kamalanga Energy. \u201cThe transaction has been put on hold given the ongoing uncertainty and will be revisited once the situation normalizes,\u201d JSW Energy said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-352330","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352330"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352330\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}