{"id":94081,"date":"2016-12-16T11:49:49","date_gmt":"2016-12-16T11:49:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=94081"},"modified":"2016-12-16T11:49:49","modified_gmt":"2016-12-16T11:49:49","slug":"sale-of-jspls-24-mw-wind-project-gets-cci-approval","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sale-of-jspls-24-mw-wind-project-gets-cci-approval\/","title":{"rendered":"Sale of JSPL&#8217;s 24 MW wind project gets CCI approval"},"content":{"rendered":"<p>Fair trade regulator CCI has approved the proposed acquisition of Jindal Steel and Power&#8217;s 24 MW wind power generation business in Maharashtra by Parjanya Wind Power. <\/p>\n<p>For the transaction, a business transfer agreement was inked in October.    <\/p>\n<p>Competition Commission of India (CCI), which keeps a tab on unfair business practices has cleared the deal, as per the regulator&#8217;s website. <\/p>\n<p>Under the deal, Parjanya &#8212; wholly-owned subsidiary of India Infrastructure Fund 11 &#8212; would acquire the 24 MW wind power generation business at Satara, Maharashtra from Jindal Steel and Power. <\/p>\n<p>According to JSPL&#8217;s filing to stock exchanges in October, the deal on slump sale basis was being done to &#8220;generate cash flows as part of monetisation plan&#8221;. <\/p>\n<p>Part of the O P Jindal Group, JSPL has interests in steel, power, mining and infrastructure sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fair trade regulator CCI has approved the proposed acquisition of Jindal Steel and Power&#8217;s 24 MW wind power generation business in Maharashtra by Parjanya Wind Power. For the transaction, a business transfer agreement was inked in October. Competition Commission of India (CCI), which keeps a tab on unfair business practices has cleared the deal, as per the regulator&#8217;s website. Under the deal, Parjanya &#8212; wholly-owned subsidiary of India Infrastructure Fund 11 &#8212; would acquire the 24 MW wind power generation business at Satara, Maharashtra from Jindal Steel and Power. According to JSPL&#8217;s filing to stock exchanges in October, the deal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-94081","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/94081","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=94081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/94081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=94081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=94081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=94081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}