{"id":432816,"date":"2021-08-28T12:10:50","date_gmt":"2021-08-28T06:40:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432816"},"modified":"2021-08-28T12:11:09","modified_gmt":"2021-08-28T06:41:09","slug":"advisory-firm-iias-not-in-favour-of-jspls-plan-to-divest-power-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/advisory-firm-iias-not-in-favour-of-jspls-plan-to-divest-power-business\/","title":{"rendered":"Advisory firm IiAS not in favour of JSPL\u2019s plan to divest power business"},"content":{"rendered":"<p>Proxy advisory firm Institutional Investor Advisory Services (IiAS) has advised investors to vote against Jindal Steel and Power\u2019s (JSPL) proposal to divest its power business, Jindal Power, to a promoter group company, Worldone.<\/p>\n<p>\u201cThe revised offer is not better than the original offer. The preference shares, the outstanding ICDs and capital advances were all transacted at a time when JPL was a 100% subsidiary of JSPL,\u201d said IiAS in a report dated August 26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Proxy advisory firm Institutional Investor Advisory Services (IiAS) has advised investors to vote against Jindal Steel and Power\u2019s (JSPL) proposal to divest its power business, Jindal Power, to a promoter group company, Worldone. \u201cThe revised offer is not better than the original offer. The preference shares, the outstanding ICDs and capital advances were all transacted at a time when JPL was a 100% subsidiary of JSPL,\u201d said IiAS in a report dated August 26.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-432816","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432816","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=432816"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432816\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}