{"id":352634,"date":"2020-05-22T10:37:10","date_gmt":"2020-05-22T05:07:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352634"},"modified":"2020-05-22T11:05:10","modified_gmt":"2020-05-22T05:35:10","slug":"covid-19-fallout-jsw-deal-to-buy-kamalanga-energy-put-on-hold","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-fallout-jsw-deal-to-buy-kamalanga-energy-put-on-hold\/","title":{"rendered":"Covid-19 fallout: JSW deal to buy Kamalanga Energy put on hold"},"content":{"rendered":"<p>The sale of GMR Energy\u2019s entire stake in GMR Kamalanga Energy Ltd to JSW Energy has been put on hold on account of outbreak of Covid-19, according to a regulatory filing.<\/p>\n<p>In February, JSW Energy had signed a share purchase agreement to acquire 100 per cent of GMR Kamalanga Energy, which owns and operates a 1,050 MW (3&#215;350 MW) thermal power plant in Odisha, for \u20b95,321 crore (subject to working capital and other adjustments).<\/p>\n<p>\u201cThe transaction has been put on hold due to the outbreak of the pandemic Covid-19 and nationwide lockdown, and will be revisited once the situation normalises,\u201d GMR Infrastructure &#8211; the parent company of GMR Energy &#8211; said in a filing to BSE on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sale of GMR Energy\u2019s entire stake in GMR Kamalanga Energy Ltd to JSW Energy has been put on hold on account of outbreak of Covid-19, according to a regulatory filing. In February, JSW Energy had signed a share purchase agreement to acquire 100 per cent of GMR Kamalanga Energy, which owns and operates a 1,050 MW (3&#215;350 MW) thermal power plant in Odisha, for \u20b95,321 crore (subject to working capital and other adjustments). \u201cThe transaction has been put on hold due to the outbreak of the pandemic Covid-19 and nationwide lockdown, and will be revisited once the situation normalises,\u201d [&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":[130],"tags":[],"class_list":["post-352634","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352634","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=352634"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352634\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}