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JSPL board okays divestment in Jindal Power to Worldone for ₹3,015 cr April 27, 2021 Worldone was selected by way of an elaborate bidding process Jindal Steel & Power Ltd (JSPL) on Tuesday said it will sell its 96.42 per cent stake in electricity-generation subsidiary Jindal Power Ltd for ₹3,015 crores. The buyer, Worldone Private Ltd is a private company owned by JSPL chairman Naveen Jindal. The approximate enterprise value for the deal is ₹12,000 crore, according to sources, out of which ₹4,400 crore has been balanced against outstanding debt which the power subsidiary had taken from JSPL. Redeemable preference shares make up another ₹7,000 crore. “The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives,” JSPL said in a statement.

Naveen jindalJindal power ltdWorldone private ltdJindal steel power ltdJindal steelPower ltdIndia steelJindal powerJindal steel and powerEntire stakeWorld one015 croreநவீன் ஜிண்டால்ஜிண்டால் பவர் லிமிடெட்ஜிண்டால் எஃகு பவர் லிமிடெட்ஜிண்டால் எஃகு