{"id":412417,"date":"2021-04-28T09:32:48","date_gmt":"2021-04-28T04:02:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412417"},"modified":"2021-04-28T10:18:21","modified_gmt":"2021-04-28T04:48:21","slug":"jspl-to-sell-power-business-to-promoter-firm-for-%e2%82%b93015-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jspl-to-sell-power-business-to-promoter-firm-for-%e2%82%b93015-crore\/","title":{"rendered":"JSPL to sell power business to promoter firm for \u20b93,015 crore"},"content":{"rendered":"<p>Jindal Power and Steel Ltd (JSPL) on Tuesday said its board has approved the sale of its power subsidiary Jindal Power Ltd to Worldone, a promoter group company, for \u20b93,015 crore. Worldone was selected after it submitted the highest binding bid on acceptable terms and conditions in a bidding process run by Grant Thornton Advisory, JSPL said. <\/p>\n<p>\u201cThe board of directors of JSPL has approved the divestment of its entire equity interest (representing 96.42% of the issued and paid-up capital) in Jindal Power by way of sale of shares, to Worldone Pvt. Ltd, a promoter group company and a related party to the company,&#8221; JSPL said in a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal Power and Steel Ltd (JSPL) on Tuesday said its board has approved the sale of its power subsidiary Jindal Power Ltd to Worldone, a promoter group company, for \u20b93,015 crore. Worldone was selected after it submitted the highest binding bid on acceptable terms and conditions in a bidding process run by Grant Thornton Advisory, JSPL said. \u201cThe board of directors of JSPL has approved the divestment of its entire equity interest (representing 96.42% of the issued and paid-up capital) in Jindal Power by way of sale of shares, to Worldone Pvt. Ltd, a promoter group company and a related [&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":[139,130,237],"tags":[],"class_list":["post-412417","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412417","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=412417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}