{"id":365916,"date":"2020-08-03T10:15:17","date_gmt":"2020-08-03T04:45:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365916"},"modified":"2020-08-03T10:23:10","modified_gmt":"2020-08-03T04:53:10","slug":"jsw-energy-terminates-rs-5321-cr-deal-to-acquire-gmr-kamalanga-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jsw-energy-terminates-rs-5321-cr-deal-to-acquire-gmr-kamalanga-energy\/","title":{"rendered":"JSW Energy terminates Rs 5,321-cr deal to acquire GMR Kamalanga Energy"},"content":{"rendered":"<p>Sajjan Jindal-backed JSW Energy on Friday said it has terminated its Rs 5,321 crore deal to acquire GMR Kamalanga Energy due to Covid-19 related uncertainties. <\/p>\n<p>&#8220;With elapsing of long stop date, both parties have mutually agreed to terminate the transaction given continued uncertainty due to Covid-19 pandemic,&#8221; JSW Energy said in BSE filing on Friday. <\/p>\n<p>In May, the sale of GMR Energy&#8217;s entire stake in GMR Kamalanga Energy Ltd to JSW Energy was put on hold due to Covid-19 outbreak. <\/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 Rs 5,321 crore (subject to working capital and other adjustments).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sajjan Jindal-backed JSW Energy on Friday said it has terminated its Rs 5,321 crore deal to acquire GMR Kamalanga Energy due to Covid-19 related uncertainties. &#8220;With elapsing of long stop date, both parties have mutually agreed to terminate the transaction given continued uncertainty due to Covid-19 pandemic,&#8221; JSW Energy said in BSE filing on Friday. In May, the sale of GMR Energy&#8217;s entire stake in GMR Kamalanga Energy Ltd to JSW Energy was put on hold due to Covid-19 outbreak. In February, JSW Energy had signed a share purchase agreement to acquire 100 per cent of GMR Kamalanga Energy, which [&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-365916","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\/365916","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=365916"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365916\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}