The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited.
“The enterprise value of Rs 9,730 crore for the 3,400 MW assets of JPL is in line with market valuations on a per megawatt basis at Rs 2.86 crore per megawatt,” said a report by InGovern Research Services, a corporate governance advisory firm.