The Board of Jindal Steel and Power Limited approved the divestment of its entire equity stake in Jindal Power Limited by selling its shares to Worldone Private. The deal was finalized at an all-cash transaction of Rs 3,015 crore for 96.42 per cent stake, the JSPL informed in a regulatory filing on Tuesday. The Worldone was selected by way of an elaborate bidding process run by Grant Thornton Advisory wherein the Acquirer submitted the highest binding bid on acceptable terms and conditions.

• Hindustan Copper Reports 9% Rise in MIC Output for FY26
• SAIL Shares Slip 0.91% as CMD Amarendu Prakash Steps Down
• Bosch Jumps 12% in Two Sessions on E-Mobility JV
• Latent View Analytics Shares Skyrocket 20% on Deal with Healtheon AI 
• Ola Electric Shares Jump 9% on Roadster X+ Price Cut

The proposed sale is subject to the necessary approvals of the concerned parties. The long stop date for completion of the proposed sale is 12 months which maybe mutually extended by the parties.

Stock Covered in the news

Jindal Steel and Power Limited -View Detailed Analysis