Latest Breaking News On - Giias - Page 5 : comparemela.com

Synopsis It may be still early days for investor activism in India. But in a rare move, JSPL’s shareholders have raised a red flag, forcing the company to revisit its plan to divest stake in Jindal Power. From valuation to the level of disclosure in shareholder notice, JSPL will have to address many concerns to get the green light from investors. Late last month, Jindal Power and Steel Ltd (JSPL) said it will sell its entire stake in thermal-power subsidiary Jindal Power Ltd (JPL) to Worldone Private Ltd, an entity owned by the promoter group of the company. The Naveen Jindal-led company added that the divestment of its 96.42% stake in JPL was in line with its strategic objective of continuously reducing debt, focusing on India steel business, and significantly reducing the carbon

Steel ltdWorldone private ltdJindal power ltdJindal powerNaveen jindal ledNaveen jindalElliott management corporationJindal power and steel ltdIngovern research servicesஎஃகு லிமிடெட்ஜிண்டால் பவர் லிமிடெட்ஜிண்டால் பவர்நவீன் ஜிண்டால் வழிநடத்தியதுநவீன் ஜிண்டால்எலியட் மேலாண்மை நிறுவனம்