{"id":427356,"date":"2021-07-26T08:11:58","date_gmt":"2021-07-26T02:41:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427356"},"modified":"2021-07-26T08:49:38","modified_gmt":"2021-07-26T03:19:38","slug":"jspl-receives-revised-rs-7401-cr-offer-from-worldone-pvt-for-jindal-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jspl-receives-revised-rs-7401-cr-offer-from-worldone-pvt-for-jindal-power\/","title":{"rendered":"JSPL receives revised Rs 7,401-cr offer from Worldone Pvt for Jindal Power"},"content":{"rendered":"<p>JSPL on Sunday announced it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Limiter (JPL).<\/p>\n<p>Jindal Steel and Power Limited (JSPL) had earlier announced accepting a Rs 3,015-crore offer from Worldone Private Limited to divest 96.42 per cent stake it holds in the subsidiary company JPL. The divestment is in line with JSPL&#8217;s strategic objective to continuously reduce its debt and carbon emissions and focus on steel business. <\/p>\n<p>&#8220;After various rounds of discussions and negotiations, JSPL and its transaction advisors have successfully negotiated a revised and improved binding offer from Worldone accommodating all investor feedback received by the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSPL on Sunday announced it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Limiter (JPL). Jindal Steel and Power Limited (JSPL) had earlier announced accepting a Rs 3,015-crore offer from Worldone Private Limited to divest 96.42 per cent stake it holds in the subsidiary company JPL. The divestment is in line with JSPL&#8217;s strategic objective to continuously reduce its debt and carbon emissions and focus on steel business. &#8220;After various rounds of discussions and negotiations, JSPL and its transaction advisors have successfully negotiated a revised and improved [&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-427356","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\/427356","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=427356"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427356\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}