Jindal Power, subsidiary of Jindal Steel and Power (JSPL) has entered into a definitive agreement for divesting 4.12 percent stake in Indian Energy Exchange by the month end for an undisclosed amount.

According to a company release it is expected “to realise the consideration within current financial year”.

JSPL has said in a BSE filing that “as part of the monetisation plan already advised”, Jindal Power has entered into a definitive agreement to divest 4.12 holding in India Energy Exchange “at an undisclosed amount”.

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